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Operations Management Assignment : Toyota

   

Added on  2021-01-02

11 Pages3240 Words226 Views
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OPERATIONSMANAGEMENT
Operations Management Assignment : Toyota_1

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Operations Management.........................................................................................................1Role of Operations Management in Company's Competitiveness.........................................2Production methods chosen by Toyota...................................................................................3Lean Production and its application within Toyota................................................................4SWOT Analysis......................................................................................................................5PEST Analysis........................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
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INTRODUCTIONOperations management can be referred to a management area that is largely associatedwith looking into the designing or redesigning of operations of a business organisation so as toensure maximum output (Monden, 2018). This essay is based upon Toyota which is anautomotive manufacturer headquartered in Toyota City, Japan. This essay includes the role ofoperations management along with the methods adopted by selected company. Also, it consistsof SWOT and PEST analysis so as to gain knowledge of the internal and external influencewhich have an impact over the operations manager. Further, it contains knowledge about leanproduction system along with its application within the company.MAIN BODYOperations ManagementOperations management is one of the most crucial fields of management that isconcerned about managing as well as directing the technical and physical elements of operationsof an entity, specifically those associated with manufacturing and distribution of its products andservices (Chiarini and Vagnoni, 2015). This area of management is significantly stressed uponmaking sure that the resources of a company are optimally utilised with a view to manufactureproducts and services in a manner that leads to the achievement of organisational goals andobjectives as well as fulfilment of customers' needs. Thus, it can be rightly said that operationsmanagement includes the whole array beginning right from the procurement of raw materials tothe production of finished goods and/or services. Also, it comprises the procedure through whichcustomers acquire organisational products along with the Customer Processes Management(Prajogo and et. al., 2018). It is often seen as a process through which the attention of company isdirected towards adding great value to products so as to derive maximum satisfaction from thecustomers. Here, customer value is significantly enhanced by way of quality improvement, costreduction, substantial decrease in lead time and higher flexibility in response to changingcustomer preferences. It can be said that improvement within customer value creation is largelyfocussed upon accelerating the value for the company by building a loyal and strong customerbase which is not willing to switch to alternative brands and consequently, earning higherrevenues. Further, the results depend upon the selection of operations management practices andmodels made by an enterprise.1
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