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Operation Management Assignment - Toyota

   

Added on  2020-12-10

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Business Operationsand Services
Operation Management Assignment - Toyota_1

Table of Contents1.0 1.0 INTRODUCTION.....................................................................................................................12.0 MAIN BODY ............................................................................................................................12.1 Explaining and introduce a company wide operations' improvement strategy.....................12.2 Advising on the operational strategies that ford and GM can implement to gain marketshare from Toyota.......................................................................................................................83.0 CONCLUSION........................................................................................................................124.0 REFERENCES .......................................................................................................................13
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1.0 INTRODUCTIONBusiness operations and management is relied on the business type, industry, size and soon overall systems. Mostly the operation management system consists some of the majordepartments such as process, staffing, location and Equipment or technology. Operationmanagement is must be very competitive and productivity and efficiency for getting the businessobjectives in productivity manner. Present study has been based on operation management ofToyota where the study explains the brief about the company wide operations improvementstrategy along with the tools and techniques. Besides that, report will also outline the operationalstrategies that ford, and GM can implement to gain market share from Toyota. Overall, presentaim of the research is to explore the operation management services and how it helps companiesto regain the company opportunities. 2.0 MAIN BODY 2.1 Explaining and introduce a company wide operations' improvement strategy.Operation management deals with standards a business sets to improve and monitored theway it produces goods and services (Aitken and et.al., 2016). This is the responsibility of theoperation management that to deliver the highly equipped and effective management tools andtechniques. To improve this work stream, operation manager work in tandem with departmentheads to come up with sound, easy to implement strategies. In order to regain the market andovercome from the downshift, Toyota should require to adopts some of the operationalimprovement strategy. Overview of ToyotaToyota caught in a downshift which impact the company profit and market share. It hasbeen a big challenge for the company to capitalise the market. It has been analysed that Toyotahas weak management. In order to overcome from such issues it has been suggested to companythat they should investing on the “Five whys” practice. This practices for decades has allowedToyota to respond to such issues and challenges in more specific manner. Toyota Improvement strategy Quality : Quality is the foremost concern of manufacturer industry which has to be morespecific and as per the set standards. Speed : Speed of manufacturing process is also very much necessary to maintained the deadlineof the product. 1
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Dependability : This operational performance objective measures how dependable the companyis when it comes to timely delivery of products. Flexibility : Flexibility inPlanning is very helpful to Toyota in terms of adaptability of plan thatbetter facilitates development and growth in Toyota. Cost : Meet the standard and set cost of the business can help Toyota to build up the highmanagement effective performance. Toyota should need to focus on quality rather cost. Tools and techniques implied by the companyThe main reason behind acquiring the improvement strategy is to leverage the operationmanagement working or activities. These strategies are useful to tackle the whole supply chain orprocess can be difficult and put a great deal of strain on the operations or lean team. It gains theoperational activities and very useful to gain customer satisfaction with the range, service andproductivity quality or defects. Improving the right people is another beneficial term that helpsToyota to bring the new management advancement goals and techniques. The right choice andbalance of people involves in the process improvement initiatives greater engagement from theworkforce and the motivation to sustain the results achieved later.Improvement strategy for Toyota Logistics Improvement Logistics improvement is relatable to deliver the effective goods and services along withthe tools and business partners it relies on to reduce the risk of loss and obsolescence duringmaterial conveyance (Andersson and Bellgran, 2015). Charting proper logistical strategyenables the firms to make a good on its promises of prompt delivery and high-quality products.In order to improve logistics improvement (Strategies for operation Management Improvement.2017). For that, some of the following tools and techniques helps such as Mobile applicationsoftware tools used in international logistics tools to help them carry out their daily businesseswith ease and deliver the best for their customers of Toyota. Scandit is one of the leading mobilelogistic tools used in international supply chain management. This scanning bar code facilitieshelps inventory manager to easily keep the records of all managerial outcomes. Another tool that can adopted by the Toyota to bring the new changes in logisticsmanagement is ever note online mobile application. This application also known as Eduzauruswhich has been rated one of the best tools for leveraging logistics in order to organize theimportant data or information. 2
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