logo

Operations, Logistics and Supply Chain Management - Toyota Motor

12 Pages3318 Words67 Views
   

Added on  2020-06-05

Operations, Logistics and Supply Chain Management - Toyota Motor

   Added on 2020-06-05

ShareRelated Documents
Understanding Operations,Logistics and Supply ChainManagement
Operations, Logistics and Supply Chain Management - Toyota Motor_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1Critical Review of relevant Operation, Logistics and Supply Chain Management theories.......1Analysis with relevant and similar example(s) and applying appropriate solutions ofOperations Management.............................................................................................................3Conclusion and recommendations:.............................................................................................5REFERENCES................................................................................................................................8.........................................................................................................................................................9
Operations, Logistics and Supply Chain Management - Toyota Motor_2
Operations, Logistics and Supply Chain Management - Toyota Motor_3
INTRODUCTIONSupply chain management is one of the effective processes which helps in providing rightproducts at the correct time. With the help of this, organization easily maximizes customer’svalues and achieve competitive advantage from its rivals. SCM considers all the processes ofproduct development to enhance overall performance of company in market place. Basically it isa flow of goods and services (Ahi and Searcy, 2013). One of the best benefits of SCM is toincrease customer’s loyalty which directly contribute in the development of organizationalgrowth. Present essay is based on Toyota Motor Corporation which is one of the biggest automaker company. This firm was established by Kiichiro in the year 1937. They operate theirbusiness operations in various countries. They sell motor vehicles in more than 170 nations. In2008, it has become the first auto maker company and having 13.8% shares. This essay includesthe supply chain management and its techniques which help in achieving organizational successin market place. Along with this, potential areas of improvement are also mentioned in thisessay. TASKCritical Review of relevant Operation, Logistics and Supply Chain Management theoriesSupply chain management is an effective activity in which company covers theprocurement of raw materials and effective distribution of final goods and services. Basically, itis a management art in which firm provides good quality products at the right place and cost tothe end users in order to gain their higher satisfaction (Significance of Mobility in Supply ChainManagement, 2016). In context of Toyota, SCM is an effective tool which is used by company tobuy raw material from the best suppliers in order to produce final products to their customers.With the help of this, company easily captures high market share and get competitive advantagesfrom its rivals. Better supply chain management helps in increasing the number of customerstowards products to satisfy their needs in an appropriate manner. Along with this, Toyota uses an effective supply chain management to enhance theirproductivity level in an appropriate manner. For evaluating the performance, company usesquantitative and qualitative measures in which they assess actual position of business and it’sSCM. With the help of these methods, Toyota easily eliminates their weak areas and enhancesproductivity. Better measurement of performance defines higher customer’s satisfaction, better1
Operations, Logistics and Supply Chain Management - Toyota Motor_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Report on Performance of Supply Chain Management
|10
|3045
|46

Managing Strategic Resources and Operations Supply Chain Management
|9
|2853
|352

Understanding Logistics and Supply Chain Management Assignment
|12
|3020
|400

Operations, Logistics and Supply Chain Management: PDF
|11
|2861
|100

Operations and Supply Chain Management
|12
|3191
|75

Understanding Operations, Logistics and Supply Chain Management
|9
|3020
|99