They got huge amount from that order and which they used for making cars. They also got huge support from US industries and had adopted good practices which the US companies followed. They were focusing on resolving employee issues by giving life time employment and hence the productivity and commitment of the workers towards Toyota increased . Toyota concentrated on mass production with less cost of production . This helped them to make more money.
Toyota vision statement is to be the worldwide leader in the customer values . The mission statement is to become the leader in availing the best value in machines and support service for the customer. It's also committed to improve life quality .The name of this company has been connected with upper level of quality service and product . It's also a chief of Japans exporter ,with its services and product sales outside Japan. The strength of Toyota that is very strongly established in the major of countries .
They were firstly came up by the founder of Toyota, whose name is Sakichi Toyoda, which became the standard of behaviours of all Toyota staff. They not only put forward requirements on employee’s work attitude and spirit, but also guarantee the long-term development in the future. Because Toyota seventy-five years practicing and insisting the five “always” precepts, it could keep growing in the past five years and get today’s achievement in auto industry. 4.2 Three main goals to help Toyota improve its productivity and keep going. The first and most important one is to reinforce competitiveness by putting bigger effort into making ever-better cars.
Nur Syahirah for the support and teaching she has given us throughout the preparation of this assignment. By completing this assignment, I have learnt the importance of JIT concept in the business operation of Toyota Motor Corporation. With the use of JIT system, Toyota is able to save the warehouse space and unnecessary cost-carrying that helps to improve their productivity and efficiency in the production process. Also, I have understood how Toyota applies the JIT system in their daily manufacturing system. In order for the implementation of JIT to be successful, each individual within the organization has to be highly involved in the management process.
Toyota Motor Corporation always work harder to increase their employee organizational commitment that attracted more people to become part of Toyota family. Fancher and Rutherfold (2012) give better understanding about Maslow’s hierarchy of needs by several important ideas of this approach like physiological needs, safety needs, love needs, esteem needs and self- actualization. The way Toyota treat their employee can be related to Maslow’s approach as Toyota satisfy the lower level needs and bring employee to the highest
Toyota companies need unceasing improvement in eliminating waste of time, mistakes and transport, eliminating fear between workers report problems to supervisor, the elimination of mistakes from the root of the cause, creating a relationship of satisfaction of customer who are receive the product or service of Toyota, creating a long term solutions through intellectual and mathematical rationalization rather than short term solutions. This may help Toyota remain committed to their objective which “ever better
Porsche has done everything within their reach to ensure that their products are accessible to their customers at the right time and in the right place. To achieve this objective, Porsche has relied on various strategies such as selective distribution to ensure that certain brands of its products are only available to the places where they have high demand. They also rely on intensive distribution and exclusive distribution to ensure that their products are found at every part of the motor vehicle market where potential customers exist. In areas where Porsche find it very difficult to penetrate or put up a market, it has relied on franchising to ensure that the products are distributed within their respective localities. Porsche also ensures that it stimulates the demand of it products and also create a high proximity of the products with its respective
2.3 SWOT Analysis 2.3.1 Strengths Toyota Production System Toyota Production System(TPS) which also known as lean manufacturing system is developed by Toyota to provide highest quality, cost-effective and shortest lead time through the elimination of waste. This system has been established based on many years of continuous improvement. Basically, it comprised of 2 pillars which are ‘just-in-time’ and ‘jidoka’, which illustrated as a “house” (Appendix 2). Toyota possessed absolute competitive advantage on the efficiency of manufacturing by implement these concepts. Toyota becomes more outstanding compared to its peers because of TPS.
Since its foundation, Toyota has continuously worked to contribute to sustainable development of society by providing innovative and high quality products and services. Toyota creates sincerity and trust in its customers by delivering quality products and services that add value to their business. They respect the expectations and ambitions of all those involved in the work process, from employees to suppliers through all partner companies through the process of continuous search for improvement. With the reorganization of the automotive operations into four business units, Toyota being so innovative and with an avid management structure is able to make the leaders of each unit adopt a self-sustaining approach, to facilitate the decision-making. One of the main self-sustaining operations that were performed on 2014 was improving the cars using individual platform basis.
CHAPTER 2: LITERATURE REVIEW 2.1 Theoretical Background Manufacturing businesses around the globe are being influenced significantly by developing advancements bringing about a noteworthy increment in rivalry in neighborhood, territorial and worldwide markets. Organizations perceive that reliable and trained utilization of lean manufacturing methodologies with the accentuation on waste reduction and process simplification can prompt to business magnificence. Lean Manufacturing or Lean production, frequently just "Lean", is an orderly strategy for the reduction of waste inside a manufacturing framework. Lean manufacturing is an administration theory got for the most part from the Toyota Production System (TPS). Taiichi Ohno (February 29, 1912 – May 28, 1990) was a Japanese industrial engineer and businessman considered to be the father of the Toyota Production System (TPS) which was distinguished as "lean" just in the 1990s.