Analysis of Toyota's Operational Functions and Strategies

This report provides an overview of Toyota Motor Corporation's operational management, focusing on key operational functions, and the impact of external factors. It discusses Toyota's operational approaches, particularly Total Quality Management (TQM), and how it influences the company's operations. The report also addresses external factors affecting Toyota's decision-making and explores ways to improve operational efficiencies, such as training and development, scheduling, and clarity of orders. The conclusion recommends the continued adoption of the TQM approach to maintain product quality. The report includes a list of references for further reading on operational management and related topics.

UNIT 4-
MANAGEMENT
AND OPERATIONS

TABLE OF CONTENT
 Introduction
 Introduction of operation of company
 Key operational function
 Operational approaches
 Impact of external factors on business
 Improving operational efficiency
 Conclusion
 Recommendation
 References

INTRODUCTION
 Operational management is the process which is concern with
designing and controlling variety of the operation of the
business, such as production and operational of the business
 The presentation will outline the different operation function of
the company and the key operational functions performed by
the company.

INTRODUCTION TO OPERATIONS OF
COMPANY
 Toyota Motor Corporation is a Japanese multinational automotive manufacturer.
 Headquartered in Toyota, Aichi, Japan. In 2017, Toyota's corporate structure
consisted of 364,445 employees worldwide and, as of December 2019,
 Toyota is tenth-largest company in the world by revenue.

KEY OPERATIONAL FUNCTIONS
 As Toyota used to dealt in the heavily
competitive market and being operating in
the market from the last many years there
are many operational function which is
performed by the organization. Some of
the key operational function of Toyota is as
follows:

KEY OPERATIONAL APPROACHES TO OPERATION
MANAGEMENT
 Total Quality Management: It is operational
management approach which looks at
continuously looking at the defect which is
present at the time of the production at the
organization. TQM is the structural approach in
which the organization used to focus on the
quality of the organization output by changing
or improving the internal practices of the
organization.


IMPACT OF EXTERNAL FACTORS ON
BUISNESS
 There are many external factor which used to
affects the decision making of leader and
manager in the organization.
 External factor are the factor which used to affect
the organization from outside operation of the
business.

IMPROVEMENT OF OPERATIONAL EFFICIENCIES
 There are many ways through which the operational management can be
improved in the organization some of the ways are as follows:
 Training and development
 Scheduling and planning
 Clarity of order

CONCLUSION AND RECOMMENDATIONS
 After going through the task 2 it can be recommended that Toyota has to make sure
that they are adopting the TQM approach in the organization.
 It will help the company in continues improvement as Toyota is well known for the
quality of product offer by the company.
 Also as organization has seen the issue of quality in recent past it will also help the
company in overcoming the same.

REFERENCES
 Bai, W. and Geng, W., 2015. Research on operation management under the
environment of cloud computing data center. International Journal of
Database Theory and Application. 8(2). pp.185-192.
 Desai, K., Makwana, R. and Verma, J.P., 2017. A Mobile based Solution for
School Management and Operation. International Journal of Advanced
Research in Computer Science. 8(5).
 Ding, Y., 2019. Risk management in operation and maintenance for offshore
wind farm.
 Irodov, V.F. and Chernoivan, A.A., 2016. Parametric identification of water
heating systems for project management during operation. Construction,
materials science, mechanical engineering. (92). pp.62-66.