Operation Strategy of Toyota

Lastly, the just-in-time (JIT) approach is an operating philosophy that requires that all resources, including materials, personnel, and facilities, be acquired and used only as needed (Mazumder, 2007). The JIT approach works great for manufacturing companies because of their common classes of material that they use which are raw materials, work-in-process, and finished goods (Mazumber, 2007). According to JIT concept raw materials are received just in time to go into production, manufactured parts are completed just in time to be assembled into products, and products are completed just in time to be shipped to customers (Mazumber, 2007). The

Toyota is the world’s largest car manufacturer beating out Volkswagen, BMW and Daimler. They had double digit gains in April of 2014 delivering an impressive 13.3 percent more automobiles than April of the previous year. Despite the recall debacle that happened, they have been able to hold the No. 1 spot this year (Le, 2014). Toyota has numerous comparative benefits over their competition. They have a solid working model that produces high margins, a strong international brand that is known for quality and a business model that permits them to produce multiple car models for a very low amount of money while doing it at a fast pace and producing the best quality.

Toyota is a leading company, and for over 70 years. It has been expanding business all over the world and

JIT is a manufacturing management method developed in Japan during the 70's to meet customer demands. The individual most credited with the development of JIT is Taiichi Ohno, the vice president of Toyota

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 Motor Corporation is a Japanese automobile manufacturing company which was founded in 1937 by Kiichiro Toyoda from his father’s spinning and weaving company. The company rises after post war era and became the world’s largest automobile manufacturer in 2012 beating General motors and Volkswagen behind and is by revenue it stands at twelfth place. Toyota group presently consist of 15 companies involved in design, manufacture, and sales of all classes of automobiles and their parts, also steel manufacturing, and textile machine production. With more than 3 lakh employees, revenue around $210 billion and presence all across the globe with 14 overseas manufacturing facilities Toyota is competing to sustain the leadership position in the sector.

Background: Toyota Motor Corporation is a vehicle manufacturing company founded in 1937 in Japan. They have since expanded to become a multinational corporation, and were the world’s largest automaker in 2016 (Schmitt, 2016).

Toyota is also the birth of kaizen. Toyota company tries to persistently enhance their standard procedures and strategies keeping in mind the end goal to guarantee most extreme quality, enhance effectiveness and dispose of waste. This is known as kaizen and is connected to each part of the organization's activities. Kaizen is the heart of the Toyota Production System. Like all large scale manufacturing frameworks, the Toyota process requires that all tasks, both human and mechanical, be decisively characterized and institutionalized to guarantee most extreme quality, dispose of waste and enhance effectiveness. Toyota Members have an obligation not just to take after nearly these institutionalized work rules additionally to look for their constant change. The everyday changes that Members and their Team Leaders make to their working practices and gear are known as kaizen. The term likewise has a more extensive meaning: it implies a constant making progress toward change in each circle of the Company's exercises - from the most essential assembling procedure to serving the client and the overall

Just in Time (JIT) is an approach of continuous and forced problem solving via a focus on throughput and reduced inventory. The Toyota Production System TPS. With its emphasis on continuous improvement, respect for people, and standard work practices. Is particularly suited for assembly lines. Learn operation supplies the customer with exactly what the customer want’s when the customer wants it. Without waste, through continuous improvement. Lean operation are driven by workflow initiated by the ‘pull” of the customer’s order. When implemented as a comprehensive manufacturing strategy. JIT, TPS and lean system sustain competitive advantages and result in increased overall return. If there is any distinction between JIT, TPS and lean operation, it if that

Since Toyota is the founder of lean operations, and the beginner of operating just in time method for its manufacturing process, Toyota has become successful in turning out to be delivering the high quality, effective products among other automobile brands. Based on lean operations, just in time concepts takes place a major role in performing effectively. JIT simply means that improving the productivity and excellence by using time and resources effectively to produce the required quantity while waste elimination. So Toyota has got the maximum befit of than its competitors and they are known as “the master and pioneer” of just in time.

Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi, Japan. Toyota is known as the second-largest automotive manufacturer in world, behind German Volkswagen Group in 2016. Toyota adopted JIT in the Toyota Production System (TPS) as a means of eliminating the wastes in all aspects of production.

. Toyota practices JIT (Just In Time) system or their “Lean Manufacturing System”. This is to maintain the production of their vehicles to be quick and efficient.

The ideology of kaizen is an essential part of the Toyota and Toyota Production system since kaizen means there is no process is perfect and understands that there is always room for improvement, a thought that resonates within Toyota. The team members of the organization are aware of their roles within the kaizen guidelines and the responsibility each one of them has discovering new ways of improving the operation

The three theories being summarized are just in time (JIT), Toyota Production System (TPS), and Lean. Just in time (JIT) “is an approach of continuous and forced problem solving via a focus on throughput and reduced inventory” (Heizer & Render, 2014). Overall JIT mainly focuses on forced problem solving that lowers costs for suppliers. This approach is designed to make or deliver goods only as needed, which aids in decreasing requirements as well as costs for the storage of supplies and waste. This system works great for Nissan keeping production running

Toyota enjoys a major share in different regions in the world. Its total share in the world for the year 2011 is given a follow as per DataMonitor's report 2011 on Toyota: