The Toyota Way

(Strategic Procurement & Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. Toyota is without doubt the best in the world, with its many philosophies and principles on how to make the best out of the least; JIT, lean production and elimination of waste and the desire for continuous improvement are just a few ways how Toyota has become the best in the auto industry. Toyota as a name, a company, and as a brand has become synonymous with Quality.

effects issues. The second conclusion is that it was difficult to compete with Japanese companies, because they, especially Toyota, had developed a different method from the others enterprises and consisted of a more developed system than a simple mass production (Graves A. and Madigan, D., 2012) Having analyzed more than 90 companies, it was possible to observe that Toyota created something that was later called "Lean Production". In the first stage two indicators were used to measure the efficiency

production within American Toyota plants were heavily monitored by a Japanese counterpart. This was done in order to make sure that protocol was

examines the Japanese automobile industry, using as example the case of Toyota in comparison with other automobile manufacturers and the way it has retain its competitive position as a multinational corporation in the international context. In order to do so, focus will be directed on management strategies, human resources, development of existing ideas, stability in the foreign market and the role of the government. About Toyota Toyota Motor Corporation was created in 1933 by Kiichiro Toyoda, after organizational

1.0 Introduction Seventy-eight years ago Kiichiro Toyoda has founding Toyota Motor Corporation and the automotive manufacturer has become one of the powerful manufacturer company around the world. In the motor industry, Toyota has make into 100 “Most Admired” list of companies in the world on the Fortune Magazine in 2016 (Szczesny, 2016). The popularity reflects the company’s mission and vision statement, which has emphasize a comprehensive approach that considers innovation and customers’ needs

According to theoretical measures in Toyota, there is no inventory since they applies Just-in-Time philosophy. However in practice this may not be possible. Therefore, they have very very small inventory due to lead times. Most of the inventory is pipeline inventory. In TMMT Part Supply Management department is divided to three different groups to manage inventories according to supplier locations. These are local, Europe and Japan. All have different lead times and different inventory policies.

mission of The Toyota Motor Corporation is to "develop and provide innovative, safe and outstanding high quality products and services that meet a wide variety of customers ' demands to enrich the lives of people around the world" (TMC, 2006). In order to ensure that each and every segment of TMC excels in this mission, a number of principles and philosophies have been outlined in order to meet the corporation objectives in the most beneficial manner,

Description about Toyota and Nestle Both Nestle and Toyota is a profit-making and private organisation. Nestlé is a Swiss transnational food and drink company headquartered in Vevey, Vaud, Switzerland. Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. Nestlé has over 447 factories, operates in 194 countries, and employs around 339,000 people. Toyota Motor Corporation

Toyota, a car manufacture as well as a family owned global corporation, meets its goals fundamentally rooted from a creed called “The Toyota way”(2005). “Respect for the people” and “continuous improvement”(2005) a motto that not only defines “The Toyota way” but also serves as the backbone of Toyota’s success and proves through it’s fruition regarding how constructive the relationship between management and labor truly is. Through this analytical essay, interaction between management and labor

Toyota Production System As part of Toyota Global, Toyota Australia inherited legendary Toyota Production System (TPS). TPS was created by the founder of Toyota Motor Corporation as ‘a set of principles that have been proven in day-to-day practice over many years’ (Toyota Australia n.d.) TPS has three desired outcomes: • To provide the customer with the highest quality vehicles, at lowest possible cost, in a timely manner with the shortest possible lead times. • To provide members with work satisfaction