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Week 10 Toyota Production Team Assignment
Group Category Group Week 10
Group Name Hawks
Instructions
Team Assignment (W10TA): Planning Production for Toyota North America Lexus RX 350, Successor in 2007 to the RX 330
Photo courtesy of Toyota Motor Company Assignment Taskings Address the following four exercises: Exercise 1: Making a Critical Assessment of the Toyota Production System (TPS) Today
a. Demonstrate your team's basic understanding of the TPS by 1)defining in your team's own words any eight of the terms found athttp://www.toyotageorgetown.com/terms.asp, and 2) applying them to one or more of your team's own
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Each block of 5,000 units of capacity will also cost $5M per year to maintain, even if the capacity is unused.
Assume that the number of units actually sold each year will be the lesser of the demand and the production capacity. Marketing has provided three vehicle estimated demand scenarios with associated probabilities as follows:
Demand
2003
2004
2005
2006
2007
Probability
Low
10,000
10,500
11,000
11,500
12,000
0.25
Moderate
15,000
16,000
17,000
18,000
19,000
0.50
High
20,000
24,000
26,000
28,000
30,000
0.25 a. To maximize profit earned during this period, which production capacity should TMMC in 2000 decide to build - 10,000, 15,000, 20,000, 25,000, or 30,000 cars? Justify your choice.
b. What are the weaknesses or limitations in this analysis? How might they be corrected or reduced?
c. It is now fall 2011. How well has the RX-330/350 actually done in the North American market? Is its quality rated as high as if it were made in Japan? Do some online research; it's part of improving your attainment ofInformation Literacy, one of the UMUC MBA Competencies. Exercise 4: Assessment of Toyota’s Current Regional Production Strategy
North America Source:www.worldatlas.com/webimage/countrys/na.htm, a. After doing necessary research online or otherwise, document and evaluate the current distribution of Toyota production in North America. Here be sure
6. Although you are basically satisfied with the analysis thus far, you are concerned about the
c. Did anything surprise you about the company's values? Why or why not? (1-3 sentences. 1.0 points)
In order to maximize the total profit, the monthly production plan should be 1900 unit/month for Model S and 650 unit/month
4. Based on your analysis in (1) – (3) above, what is your overall conclusion regarding the
The budget analysis shows that the labor hours of the firm are higher than the budgeted amount. As such, the firm needs to evaluate the cost benefit analysis of making or buying their products. To make this decision, various factors need to be considered. Before making the decision, Peyton needs to evaluate the marginal costs and revenue of making versus buying the products. The firm should take the option which provides the highest marginal profit which is the
Analysis Questions- Please answer each of the following in at least a paragraph, using specific evidence as support.
Critique the model that this analyst used. Be sure to include answers to the following questions in your response.
11) By how much would the profit contribution of product A has to increase before it will be profitable to produce A?
a. Test market results for the southeast regions do not indicate an impressive gain in the market (i.e. market share increased from 9% to 10% when it was expected to reach 15%, display activity was below what the team expected)
Automobile industry of japan witnessed an awesome accomplishment with the growth of Toyota. It became the biggest maker in the worldwide business. Toyoda kiichiro was hesitant to invest in automobile sector. In the year 1933 the company started its production. In order to have cost efficiency they adopted the mass production technology.
Toyota is one of the leading manufacturers of vehicles in the United States and across the globe. Toyota is ranked #55 in Forbes, World’s Biggest Public Companies, and capturing sales of 202.8 billion and a market cap of 137.8 billion as of March 2011
Toyota today is one of the leading lean example in today’s manufacturing market. Starting back in the 1930’s with the idea of Just-in-Time to cut down cost in waste from overstocked storage rooms to a better efficient assembly lines who produced what was needed at a certain time. The Kanban system is one of the most used methods that the Japanese found during the 1950’s during a trip to United States in a super market.
main strategy for the North American market is to aim for higher sales, while raising the proportion of locally produced automobiles. Toyota Motor Corp have reached a stage where investments made over the last several years to expand production capacity are beginning to show returns and improved profitability can be expected. Toyota’s goal is to bolster local production through additional investment, and contribute to the regional economy by expanding its operations. At present, our production capacity in North America is approximately 1.25 million units (including our joint venture with GM). However, Toyota Motor Corp plan to boost this to 1.45 million units during 2003.