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Supply Chain Management Report - Toyota

   

Added on  2020-07-22

10 Pages2875 Words44 Views
Business DevelopmentData Science and Big Data
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SUPPLY CHAINMANAGEMENT
Supply Chain Management Report - Toyota_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1Critical review........................................................................................................................1Conclusion and Recommendation...................................................................................................5REFERENCES................................................................................................................................7
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INTRODUCTIONToyota is an auto mobile organisation which is manufacturing variety of vehicle frompast many years. It was incorporated in 1937 and is a Japan based enterprise. It was founded byKiichiro Toyoda from which its name was derived. It has its stores globally as it is spreaded inmore than 25 nations which are doing its operations oversees. It holds a good position in automobile industry as according to revenue scale it comes on fifth position if compared with otherbrands in same field. It has provided employment to a great number of employees as it exceedsto even three lacs. It was recognised as a top brand which has the capacity of providing morethan 10 million vehicles every year to its customers and this practice is continuing since 2012.Production system of refereed organisation is based on lean manufacturing which means thatminimum wastage is done without compromising with the quality of manufacturing. It helpsToyota in reducing its total cost to a great extent (Rushton, Croucher and Baker, 2014). In year2008 the refereed organisation started taking part in the race of becoming top most brand in itsfield but faced various issues. These were problems associated with its operation system,logistics and supply chain management which hampered its performance to a great extent. It thenbecame important for management to take corrective actions so that issues can be minimised andposition in auto mobile company can be maintained. The following report will talk aboutdifferent problems related to Toyota and will also provide recommendation for same which canbe utilised in order to bring a positive change in business. TASKCritical reviewIn order to achieve the competitive advantage different auto mobile companies use supplychain management system and lean as it helps manufacturing industries in utilising its resourcesto a great extent. Toyota receives its local parts from different vendors and than does themanufacturing process on same so that final product can be produced. It than supply same to itsvarious dealers which helps in selling of vehicles by making them available to its ultimatecustomers. If this whole process is carried out with great efficiency than possibility oforganisation to succeed further increases. In order to evaluate the effectiveness of this techniquein refereed organisation different measures can be utilised like using the qualitative andquantitative techniques (Gligor and Holcomb, 2012). There are a number of indicators which can1
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