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Master of Business Administration (PDF)

   

Added on  2021-06-22

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Master of Business AdministrationAssignment Cover SheetStudent InformationFull NameNyan Lin HtetGrade / MarksEmail addressNyanbusiness2015@gmail.comModule InformationModule NameMGT501 Operations ManagementIntakeMBA Lecturer NameDr. Daw Chaw Su AungPoint AllocationSubmission Date28 February 2021Word Count1,253Submit todawchawsuaung@gmail.comismmyanmar@gmail.comInstructions to StudentsSubmit your assignment on time.Use Times New Roman font, size 12, and double line spacing. This assignment must be your own work. You are required to acknowledge any useof the published and unpublished works of others. Use proper referencing system byproviding in-text citations and reference list. Do take note that plagiarism is a serious academic offence.Your assignment should be checked with plagiarism-checking application, availableat the school. Submit the results along with your assignment.Answer

It is not easy for a business to compete and survive in the competitive market economy.And it is also difficult to be successful and to maintain that success for a long period of time.When you look at successful businesses that can sustain long-term success, you will notice thattheir operations are well organized and planned. For such operations to run smoothly, they mustmake better operational management decisions that are appropriate for their business, and theyneed to use effectively.In this assignment, I will express the operation management decisions of Toyota Motor,one of the world's leading conglomerates. Before we get into the details of Toyota Motor'soperation management decisions, let me give you a brief overview of Toyota's history andoperations.TheToyota companywas founded by Kiichiro Toyoda on August 28, 1937. Toyota wasthe first automobile manufacturer in the world, and it produce more than 10 million vehicles peryear. In 2000, it became the world's third-largest carmaker. Although Toyota is a Japanesecompany, it has also exported to other countries other than Japan. Toyota also expanded itsautomobile market by constructing car factories all over the world. Some facts said that Toyotahas a net worth of approximately $236 billion US. Toyota has introduced lean managementsystem to make it more competitive in the market. This system has been so successful that it hasnot only generated significant benefits for Toyota Motor, but has also been adopted by othermanufacturers. Lean management is a systematic approach to minimizing waste in productionand maximizing productivity. In here, I will simply introduce a system that has contributed toToyota Motor's success, but Lean management will not be described in detail. Here are some of the most basic and straightforward reviews of Toyota Motor's tenoperation management theories that have made a name for themselves around the world.(1) Service and product designToyota Motor manufactures vehicles, engines, car air-conditioning compressors, and carelectronics. Toyota focuses on three segments in the production of vehicles. Customers withmiddle level income, customers with middle and high-level income and luxury type. Customerswith a middle income can afford the lower price range. Such as, Vios and Avanza. Customerswith high-income earners can choose for the more luxurious type. Such as, Camry and Fortunermodels. And Lexus is Toyota's luxury car division. Author. (2005, Jan 1). (2) Quality Management2

Toyota Motor concentrated on following phases to execute total quality management,TQM:•Toyota Motor's management responsibilities have expanded due to its instantaneousservices and products.•Toyota Motor studied how customers used the products they created, and this allowedthe company to develop and improve its products.•Toyota Motor examined on the irrelevant effects on the procedures and how such effectscould be minimized through optimization.•Toyota used the kaizen (incessant processes development) to ensure that all proceduresare tangible, repeatable, and visible. Author. (2020, Jan 22). (3) Process and Capacity DesignIn this section, Toyota Motor uses lean manufacturing, which is also involved in TPS.Waste reduction is emphasized by Toyota Motor in order to maximize the process efficiency andcapacity utilization. As a result, Toyota's process and capacity design promotes businessefficiency and cost-effectiveness. Lombardo, J. (2017, Feb 2).(4) LocationToyota Motor manufactures its own main components and orders spare parts from localsuppliers depending on the region in which it is sold. After such installations, sales are usuallymade through selected dealers in the region. Therefore, in this location section, it is consideredthat Toyota uses appropriate combination of global, regional and local location strategies thatare suitable on all kind of supply chain process. (5) Layout DesignA look at Toyota's manufacturing facilities show the following structure: Generally, it was structured with 4 sections. They are stamping, welding, painting and assembly.Stamping, Hoods, doors, and other body parts are made from sheet metal that is cut andstamped in this section. Welding, the exterior of the vehicle is made up of approximately 400body parts that are welded together by robots in this section. Painting, to get a high-qualitypainted finish, the welded body is washed and then given an undercoat, middle coat, and topcoat of paint. Assembly, the engine and tires, for example, are connected to the painted body. In3

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