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Managing Operations in Toyota

In: Business and Management

Submitted By ajay25telore
Words 3057
Pages 13
EXECUTIVE SUMMARY

Operations Management plays a vital role in all the forms of organisation. Lack of operations management can lead to the failure of the business. In the following report we discuss the world’s largest automobile industry the Toyota Manufacturing Company and also some of the various principles with description and are useful in the operations management such as Just in Time, kaizen, vertical Integration, Toyota Production system and the Vertical Integration. These principles play a major role in the effective production and operations of Toyota as well as most of the other organisations.
Let us now discuss the principles of operations management beginning with the history and background of Toyota.

INTRODUCTION

Japan is the world’s second largest automobile nation with 73 million vehicles on the road. Toyota is a Japanese company founded and formed by Kiichiro Toyoda in the year 1936. He was given a full strong support by his father Sakichi Toyoda an industrialist who use to invent Toyota Model G automatic loom. In the year 1937 the Toyota Motor Company Ltd was established. Since then it grew rapidly in the recent years. The success of the company was based on the principles of innovation and both for its products and the processes to make the product. At the start of the company the aim was to produce reliable and efficient cars in Japan. The company was very well accepted by the people and since then the company touched the heights of success. There were lots of ups and downs in the early stage such as the World War II and the strike of the employees in the year 1949 the company fought back. In the year 1997 the company came up with the first hybrid car “the Prius” and was declared as the world’s best selling hybrid car. As of today the company is one of the biggest manufacturers in automobile industry. It left its

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