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Toyota Supply Chain Management Assignment

   

Added on  2020-04-29

12 Pages3001 Words425 Views
Running Head: Supply Chain Management Supply Chain ManagementToyota

Supply Chain Management 1ContentsIntroduction.................................................................................................................................................1Company Overview.....................................................................................................................................1Key Flows of Supply Chain...........................................................................................................................2Information flow......................................................................................................................................2Product flow............................................................................................................................................3Cash flow.................................................................................................................................................3Return flow..............................................................................................................................................3Recommendations...................................................................................................................................3The Make Process........................................................................................................................................4The production plan................................................................................................................................4Master Production Scheduling (MPS)......................................................................................................4Recommendations...................................................................................................................................5Supply chain forecasting..............................................................................................................................5Demand forecasting and Planning Process..............................................................................................5Recommendations...................................................................................................................................6Conclusion...................................................................................................................................................6References...................................................................................................................................................7

Supply Chain Management 2IntroductionThe term supply chain management is related with the flow of goods and services. It is thesystematic and co-ordinated mechanisms of supplying goods and products to the end consumers.The prime operations are the movement and storage of materials or goods, inventory which iswork in progress and also the delivery of finished goods to the destination point. The term supplychain management is referred to an integral concept for every business organization as it enablesto optimize and increases the efficiency of the operations and speed of the work flow. The belowexecuted analysis has been summarized on the supply chain management adopted by Toyotawhich is an Automobile manufacturing corporation. The business entity is one of the leadingbrand names in offering automobiles all over the world. The report mainly concentrates on theflow of supply chain system for the organization (Fredendall, Letmathe, & Uebe-Emden, 2016).Company OverviewToyota Motor Corporation has been ranked as one of the leading multinational automobilesmanufacturing business entity of Japan. The company is headquartered in Aichi, Japan. Theemployees of this company are 364,445 approximately worldwide. Akio Toyoda is the presentCEO of Toyota Company. It is the fifth largest company in all over the world in the context ofrevenues. As of now, Toyota is the largest automotive manufacturer company in all over theworld. It was first automobile manufacturer that produced more than 10 million vehicles peryear. Toyota Car Manufacturer Company has been using its principles to manufacture thereliable car as well as sustainable development of society through occupies innovative and superquality products and services (Bhasin, 2016). Further, it shall be noted that Toyota is using the differentiated cost and low cost techniques intheir organization process so as to gain competitive advantage in the target market. Thephilosophy which runs in the mind of the management of Toyota is people and perfection. Itstates that the tools and techniques shall be designed in such a way that it assists the working ofthe people and help them to improve their abilities as well. Like, the one piece flow is mostprominent in the company which rapidly surfaces the fast solutions required (Sindi, & Roe,2017).

Supply Chain Management 3Key Flows of Supply ChainSupply chain management refers to the organized flow of goods, services, material andinformation in the internal and external environment of the organization which relates to thesuppliers, distributors, and consumers. This process mainly lays stress on the flow ofinformation, product, cash and return flow of goods as well. This process helps the organizationto initiate a systematic flow of goods and services in the organization which also initiateseffective flow of work as well. This organized activity is one of the major reasons for the rise upin the level of satisfaction of customers as well. Along with the creation of brand images, suchtechniques also help the organization in analyzing and evaluation the threats and opportunitiespresent in the market (Christopher, et. al., 2017). Further, the ways in which Toyota applies thesupply chain strategies are discussed below:Information flowInformation flow can be regarded as one of the most important aspects of the supply chainmanagement process in the organization. As this flow help the management of the company tosupply the detailed information about the tasks which are to be done and the targets of thecompany. Also, this flow helps the management to gain knowledge about the trends present inexternal environment and issues of lower level management as well. Toyota initiated informationflow which involved quotation of prices, demand, product description, change demand,purchases of raw material, requests and feedback from customers and grievances sought. Thecompany displayed their product in front of all the people present in the market (internal andexternal); along with which they also issue various linked with the product such as price quoted,availability, material used etc. The quotation of the company effective in increasing the sales asit gave heavy discounts which attracted the prospective buyers present in the market. Also, themanagement published the entire information on social media websites as well so as to generateauthenticity of their work and gain the trust of customers (Bhasin, 2016). Supply chain Visibility in Toyota

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