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Understanding Operations, Logistics & Supply Chain Management

   

Added on  2020-06-06

9 Pages2790 Words46 Views
Business Development
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Understanding Operations, Logistics and SupplyChain Management
Understanding Operations, Logistics & Supply Chain Management_1

Table of ContentsINTRODUCTION...........................................................................................................................1Company Overview................................................................................................................1Critical review of relevant Operation, Logistics and Supply Chain Management theories...2Analytic discussion with relevant and similar example(s) and applying appropriate solutionsof Operations Management ...................................................................................................3Conclusion and Recommendation...................................................................................................5REFERENCES................................................................................................................................7
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INTRODUCTIONOrganisations adopts various improvement methodologies however, the effectiveness of abusiness lies within the successful dealing of the operations that are performed at theorganisation (Rushton, Croucher, and Baker, 2014).In order to achieve desired goals andobjectives, it is necessary for the concerned person to ensure the proper management of theoperations such as logistics and supply chain. These processes are concerned with the planningand monitoring the production activities. This tool further emphasise on obtaining maximumoutput by making use of the minimum resource possible. The aim of performing operationmanagement is to meet the customer requirements. The present undertaking will renderassistance in exploring various aspects that states the significance of operations management inan entity. In the next section, relevant examples will be studied to gain deep in-sights of thechosen topic. Along with this, appropriate solutions of operations management will be discussedin this paper. In order to achieve the mentioned aims of the undertaking, the organisation selected to beToyota automotive company that belongs to manufacturing industry. The chosen companyoperates on global level platform and thus, it become crucial for the establishment to ensureeffectiveness in the operations. This will assist the firm in attaining overall businesseffectiveness.Company OverviewA Japanese automotive manufacturing company Toyota is a global name in the industry.The establishment is headquartered in Toyota, Aichi, Japan. It was founded 80 years ago in year1937 and this long span of time in the sector has helped company in gaining a strong brandrecognition. The people served by the entity in a worldwide area with auto-mobiles, commercialvehicles, luxury vehicles and engines. There are further three subdivisions of the entity namelyLexus, Scion and TRD. It has been observed from the financial reports of 2016 that the revenueof the firm is¥28.40 trillion by commercing 16,959,870 units. Further the operating income ofToyota is ¥2.85 trillion by making profit of ¥2.31 trillion. The large size entity have around364,445 employees working globally at 545 subsidiaries. In order to manage such a large size tomaintain the profit, effective management of the business operations is required (Heizer, 2016). 1
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