Toyota Value Chain Analysis
INTRODUCTION
Toyota Motor Corporation is the largest automobile manufacturers in the world at present. It was founded by Kiichiro Toyoda in 1937, Japan. It is sold in more than 170 countries and the staff employed by Toyota is almost 321000 making it one of the world’s largest corporations as well. Toyota is also reigning the automobile industry in environmental technologies with the tremendous increase in demand for the hybrid vehicles that are being offered by Toyota, which reduces fuel consumption therefore having an outstanding positive impact on the environment which addresses problems such as rising sea levels, destruction of the ozone layer, ‘positively’.
Going back to 1930, before the birth of Toyota Motor Corporation, Kiichiro Toyoda
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Primary Activities
1. Inbound logistics Inbound Logistics relate to raw materials being picked up from suppliers and arranged to assembly plants, warehouses or even retail stores.
Toyota obtains raw materials which could be leather seats or tires from third parties and since just in time (JIT) is used relationships with these suppliers should be strong as orders would be placed only when the demand for the particular product increases or is present. No warehousing is required as JIT doesn’t require any stocks to be held at any given time and the raw materials required are directly loaded to the assembly lines.
2. Operations This is basically the raw materials being transformed into finished goods.
Toyota uses The Toyota Production System which consists of components that are used to eventually produce at the highest quality, lowest cost, and shortest lead time by eliminating waste.
i) Just-In-time (JIT)
The first component that would be used in the Toyota Production System is JIT which Is basically producing the required quantity of cars only when needed. The JIT supporting components
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