Essay Operations Improvement Plan

Toyota faced a challenge related to the poor visibility and low quality of a supplier for the Suprima model. The Japanese brand, being related to a top quality product and a Just in Time manufacturing scheme could not afford to have stock out problems nor not meeting consumers’ demand for quality.

Toyota Motor Corporation (TOYOTA) is one of biggest automaker in the world. Main products are a passenger car, truck, bus, RV etc. The company headquartered in Toyota, Aichi, Japan which employed 300,734 people worldwide and was the third largest automobile manufacture in 2011 by production behind General Motors and Volkswagen Group. Toyota is the eighth largest company in the world by revenue (around 200 billion USD) in 2011. The company reported it had manufactured its 200million cars in 2012.

Through the developments of human civilization and technology, we have many choices in our economic society. Food is the one of examples of life advancement. In most country, people do not need to worry about the hunger, since our life fill with types of food included meats, vegetables, and fruits. However, some side factors, which food company put chemical products into food in order to increase the quantity and quality, also occur in the market. The health of food becomes a controversial topic. Therefore, it is important for us to know how to eat healthily and properly.

In the past decades of the 70s and 80s, companies had the idea that the best way to get good pricing and service from a supplier, was to “beat up” on them. Then Toyota revolutionized the supply chain world with their lean manufacturing methodologies and total quality management systems that focused on eliminating waste to create value, while improving the quality of products. They also created a revolutionary corporate mindset– be nice to your suppliers and you will get more business. By working openly and closely with suppliers, and seeing them as true partners and collaborators, your business will operate better and more

Toyota Motor Corporation is one of the worlds largest vehicle manufactures. It conducts business worldwide and their vehicles are sold in more than 170 countries and regions. Kiichiro Toyoda established Toyota in 1937. Toyota also has other brands including Lexus and Scion. Last year Toyota ranked number 9 on the Global 500 list. Toyota has also been on the Global 500 list for 21 years. Since 2008, when Toyota surpassed American General Motors as the world’s largest automaker, it has remained at the top of the list. In 2014, Toyota had $18.1 billion dollars in profit and a whopping $227 billion dollars in revenue. Toyota has always been a company with a great image. They spend nearly $1 million dollars every hour on research and development. Although the company was founded in Japan, it has created over 365,000 jobs in the U.S. Toyota also ranks as a top 10 company for LGBT employees and top 50 for diversity. On top of supporting diversity and the LGBT community, they have donated $700 million dollars to non-profit organizations.

The problem with the suppliers of components for vehicles outside of Toyota’s network has been going on for a couple of years since they implemented a growth strategy. In1995, then new President of Toyota decided to increase global market share for Toyota they began to expand rapidly. This led to increase production which made it impossible for their network of suppliers at the time to keep up. They had to look outside their network in order to keep pace with the demands of their newfound growth. Before that time Toyota had a business structure for their network which is called the Keiretsu. As described by Douthett,Edward B.,,Jr, Jung, K., & Kwak, W. (2004) “In Japan, industrial organizations is characterized by enterprise groupings, keiretsu, composed of firms in different industries, but interrelated through cross holdings of ownership, and reliant on a single, large commercial bank for financing” (p. 80).

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 the world 's first car maker to deliver more than 10 million vehicles every year (in 2012 and 2013). Starting July 2014, Toyota was the biggest recorded organization in Japan by business sector capitalization. As of Feb, 2016 it is the thirteenth biggest organization on the planet by income.

Toyota Motor Corporation is a Japanese multinational corporation. It is currently the world's largest automaker.

- Toyota’s relations with its suppliers are based on the principles of transparency and fair competition, mutual benefit founded on trust, and support to the local economic growth. Moreover, the company encourages its partners to comply with its Corporate Responsibility Guide.

Toyota Motor Corporation is a transnational corporation headquartered in Japan, is the largest automaker company in the world by revenue. Toyota is considered as the image and prestige of Japan. The outstanding success of Toyota stems from a perfect combination of the production system and the traditional cultural identity of Japanese people.

Toyota is the 12th largest company in the world in revenue and largest automobile manufacturer in 2012 by it consist of 338,875 employee worldwide. Toyota was the first automobile company which produce around 10 million vehicles a year. (Soble, 2010)

Toyota Motor Corporation is an extraordinary Japanese automaker organization, which is one of the best driving auto makers on the planet; it 's headquartered in Toyota, Aichi, Japan. The organization was established by Kiichiro Toyoda in 1937. The owners of the company are Japan Trustee Services Bank (9.61%), Toyota Industries Corporation (6.48%), The Master Trust Bank of Japan (5.27%), State Street Bank and Trust Company (3.72%) and Nippon Life Insurance Company (3.54%). In March 2014 the multinational organization comprised of 338,875 representatives overall and, as of November 2014, is the eleventh-biggest organization on the planet by income. The products of Toyota are Automobiles, luxury vehicles, business vehicles,

Toyota is committed in developing its supplier base, which more closely reflects the diversity of its customers and the diversity of its team members who build Toyota vehicles. Having a diverse supplier base enables it to contribute to the economic well being of all its segments. Also, it recognize that partnering with suppliers who provide a diversity of ideas in addition to delivering manufacturing support, goods and services that creates a significant competitive advantage for Toyota.

Toyota always believed that strategic long-term view must be taken to drive, enhance, and cultivate business growth. This long-term commitment is focused on what is best for the customer and reinforces the belief that Toyota's focus starts and ultimately ends with its customer base. Toyota puts its long-term commitment to its business objectives ahead of short-term financial gains, a strategic element both Airbus and Boeing have clearly neglected, much to their detriment. This has been amply demonstrated by the well-chronicled downward slides in production levels. As demonstrated by these production slides, both Airbus and Boeing have underestimated the absolute need to cultivate, align and integrate their global supply chain partners into