Management and Operation

Task 3

4.
The theory of the operations and operations management which
help in the Toyota global business strategy are as follows.
• Six sigma
• Lean theory
• Continuous improvement

Lean theory
The lean theory is production strategy focused on the
eliminating waste in the production. It considers the the
expenditures of the elimination not on the create the value in
the products. The lean theory is also focus on the
elimination is better than improvement so the customers of
the company can receive well finished products. The leaders
of the company bring this theory in company to improve
the productions process.

Continuous improvement
To survive in the market and ensure the long term growth in the
business the company apply the kaizen theory in their operations
management. The Toyota production system is known kaizen.
This process focus on the improvements in the man, process and
systems. It diagnose the problems , create awareness , draw road
maps and develop experts to sustain business excellence. The
following are the key points of the continuous process benefits in
the company.

5.
Importance the operation management in
achieving the sustaining in business objectives
Design of goods and services
Social responsibility

Contd...
Corporate governance
Appropriate management
Compliance

Contd...
Quality management
Supply chain management

REFERENCES
Schardong, A. and Simonovic, S. P., 2015. Coupled self-adaptive
multiobjective differential evolution and network flow algorithm approach
for optimal reservoir operation. Journal of Water Resources Planning and
Management. 141(10). p.04015015.
Pavasson, J., Ljung, A. L. and Lundström, T. S., 2014. Challenges and
opportunities within simulation-driven functional product development and
operation. Procedia CIRP. 22. pp.169-174.
Capitanescu, F. and Wehenkel, L., 2013. Computation of worst operation
scenarios under uncertainty for static security management. IEEE
Transactions on Power Systems. 28(2). pp.1697-1705.

Thank You