Toyota Operation

In: Business and Management

Submitted By tjbolt05
Words 1787
Pages 8
Toyota Operations
Travis Bolt
Strayer University
Bus 508
Dr. Kerry Lanza

Abstract
The global market is such a vast and seemingly endless landscape of huge corporations and great opportunities. One of the giants that stand out from those around is the Toyota Corporation. Toyota has been able to cross international boundaries and make themselves relevant in virtually all segments of the auto retail market. This operation is often modeled in other industries due to the simple and effective approach Toyota has taken. It has allowed them to move with the market, and develop quality products at competitive prices.
Toyota Operations
Toyota is a brand that is recognized by virtually every civilized person in the world. This recognition is not something that came over night or through accident but rather by extensive planning and a common goal. The fundamental business of Toyota is developing and selling automobiles to the private consumer and small commercial applications. Toyota has become an industry leader by developing what consumers want and creating a real value for the customers.

Toyota’s Story
Toyota was originally founded in 1897 as Sakichi toyoda a loom company; it did not start researching gasoline engines until the 1930. In 1933, the automobile department was established as Toyoda Automatic Loom Works, Ltd. Within three years, Toyoda rolled out its first vehicle, the AA sedan. The following year the company name was changed to the Toyota Motor Co. we know today. The year 1950 brought a real financial crisis and as a result, the Toyota Motor Sales Co. was created. Within the next five years three more vehicles were developed; the Toyopet Crown, Toyopet Master, and the Crown Deluxe. In 1957 marked Toyota’s entrance into to the American market place with the export of the…...

Similar Documents

Toyota

...About the company Toyota is a leading Japanese car manufacturing company and is the worlds 8 largest and the second in overall production of vehicles worldwide. Toyota Motor Corporation and its subsidiaries sold over 7.4 million passenger cars, trucks, and buses under the Toyota, Scion, Lexus, Daihatsu and Hino brands. The company manufactures vehicles in 27 countries and regions throughout the world and sells them in more than 170 countries and locations and became the no.1 automaker in the year 2007. They overtook GM, who was previously at the top. Toyota has also proved itself as a leader in technology by the introduction their hybrid car. The primary focal point of Toyota Motor Corporation is the automotive Industry, but it also has a finance segment and a small involvement in other industries. TOYOTA Motors is providing very wide range of models (Lithuania’s market): Cars: Crossovers, trucks and SUV’s: Hybrids: LEXUS: Aygo Rav-4 Prius LS iQ Land Cruiser Prius+ IS Yaris Land Cruiser V8 GS Verso-S Hilux RX Urban cruiser Dyna...

Words: 924 - Pages: 4

Toyota

...WWW.PAKASSIGNMENT.BLOGSPOT.COM Send your assignments and projects to be displayed here as sample for others at PAKASSIGNMENT@GMAIL.COM Project of Human Resource Management On Toyota Multan Motors [pic] Topic: Employee Monitoring Submitted to: Prof. Aysha Ghias Submitted by: Syed Ali Kamran Abidi. Roll no. 50 Mirza Ali Raza. Roll no. 90 M. Jaffar Tayar. Roll no. 48 Syed Hussain Zain ul abiden. Roll no. 85 Punjab Groups of Colleges [pic] TABLE OF CONTENTS [pic] Chapter no. 1 Topics Page a) Introduction to Organization. 3- 5 b) Mission Statement. 6 c) Vision Statement. 7- 8 d) History of Organization. 9-26 e) Duration of Operation. 27 f) Location of organization. 28 g) Organization’s Various Department. 29 h) Organizational Hierarchy. 30 [pic] The Toyota Motor Corporation, or simply called Toyota is a Japanese multinational corporation and the world's second largest automaker that manufactures automobiles, trucks, buses and robots and the world's eighth largest company. The company's headquarters are in Toyota, Aichi, Japan with factories and offices around the world. Toyota Motor Co. was established as an independent company in 1937. Although the founding family name is Toyoda, the company name...

Words: 5507 - Pages: 23

Toyota

...Toyota Case     Toyota is now keeping number one position in the automobile industry. One of reasons for Toyota’s success comes from CRM strategy that bases on information technology. Customer relationship management (CRM) is to manage all aspects that help company increase loyalty and organization’s profitability. CRM is aimed at creating better value for customers and company. This research will focus on two things: how Toyota implements CRM, and applications that Toyota is using to support CRM.     What is CRM? CRM is the core business strategy that integrates internal processes and functions, and external networks, to create and deliver value to targeted customers at a profit. It is grounded on high quality customer data and enabled by IT. Three viewpoints of CRM: strategic, operational, and analytical CRM. CRM costs million dollars annually. It takes from three to five years to implement fully. Misunderstanding about CRM: - CRM is database marketing - CRM is a marketing process - CRM is an IT issue - CRM is about loyalty schemes - CRM can be implemented by any company Toyota signs with CRM provider Salesforce.com to create a customer-only online and mobile community in the vein of Facebook and other social networks, with telematics built in. The automaker is taking customer relationship management (CRM) to a new level. The global automaker will use technology from CRM purveyor Salesforce.com to create a gated online and mobile...

Words: 1070 - Pages: 5

Toyota

...Assignment 2: Toyota BUSI2701H Name: Ronnel Belda Student CUID: 100847861 Executive Summary: With thorough understanding of the benefits and cost involved in allowing Toyota to operate in the country, it is apparent that the company should be permitted to expand in the country. This proposal was based on the numerous benefits that exceed the risks associated with the operation. These benefits include the mass production that will upsurge the country’s export and employment, and help produce supporting industries. In 2012, Toyota manufactured 9.75 million vehicles1. In addition, Toyota’s large sales will generate high tax revenue. In 2012, Toyota’s net revenue was $226,106 million2. Moreover, Toyota provides training to individuals that will improve the country’s level of knowledge. Furthermore, Toyota’s competitiveness will influence its rivals to operate in the same country. In addition, Toyota also operates in non-automotive business. Lastly, Toyota can improve its products and services in the country. Company Description: Toyota Motor Corporation, established by Kiichiro Toyota in 1937, is a Japan-based automaker company headquartered in Toyota, Aichi, Japan3. The company offers various types of vehicles such as sedans, minivans, 2BOX cars, sport-utility vehicles, and trucks, as well as car related parts and accessories. Moreover, Toyota extends its corporation to non-automotive business, including housing, financial services...

Words: 3251 - Pages: 14

Toyota

...Toyota was established in 1937 in Japan. First time it introduced its product Corona in the US in 1965. By the 70’s, Toyota was the best-selling import brand in the US. During the 80’s, it started manufacturing vehicles in the US. In 2006, it had globally become the second largest car seller and third largest car sellers in the US having more than fifteen percent market share. This profound success of Toyota is associated with its most proficient market strategy. The case of Toyota notably proves that how important is market strategy in the life of a company to be a market leader. Today, Toyota’s mission statement is as follows: ““To sustain sustainable growth by providing the best customer experience and dealer support.” (Toyota, 2007). Customer satisfaction is the driving force for Toyota, which inspires it to provide the highest quality products and services. “Kaizen” is a word that Toyota upholds, which means “continuous improvement” of its technology, products, and services. In short, Kaizen for customer satisfaction is Toyota’s mission. Toyota further explains its mission as follows: “around here our values are just like yours. We are hard working. We are active in community. We are creating jobs. We celebrate our diversity. We are building cleaner greener cars. And this is just the beginning.” (Toyota, 2007) In 2001, Toyota redesigned its best selling car Camry and replaced its sign off from 'Toyota everyday' to 'get the feeling'. Toyota now believed that it is...

Words: 388 - Pages: 2

Toyota

...| Toyota Motor Corporation is a multinational company and is the world’s largest automaker in terms of sales volume. It has branches in almost all countries, the company Toyota has become the largest manufacturer of automobiles of the world and beating giant competitors such as General Motors and Ford. Most companies are concerned with the sales and profit from the next semester while Toyota focuses on the next 25 years. The majority of managers on Western companies receive dividends quarterly or annual, instead Toyota executives maintain a far-sighted of the business and they have less pressure to make it more convenient to make changes that would work better in the long term. Toyota has always operated one system of production focused on the necessities of the customers, the interesting thing about this long-term vision is that allows that all the company agreed more easily when making important decisions ,Toyota managers will give the importance to the experience gained by doing things and always invites employees to experience things by yourself. Toyota is one of the companies that always growth and have a plan to change and evolve according to customer demand Toyota has always opening to new markets and rejecting any practice erroneous and always ready for changes in the automotive market, unlike large manufacturers Toyota has a system where managers encourage their groups in a practical way, where the goals are...

Words: 1305 - Pages: 6

Toyota

... demand for this nature due to the lack of natural resource at home, in Japan. This could be viewed at kind of learning effect and knowledge transfer within global markets, that is, transfer of cumulative knowledge achieved at Japanese operation to US market. However, market changes. In early 1980s, import quotas imposed by United Stated over Toyota stagnated export growth substantially. To cope with this problem, Toyota’s first overseas operation, NUMMI, was born. This step could be taken as a strategic entry of Toyota in US market further. In this deal, Toyota designed the product and designed, equipped, and operated the plant, while GM’s role Acculine Precision Manufacturing Company Tel: 0086-574-28887315, Fax: 0086-574-28875303, Web: www.acculine-mfg.com, email: info@acculine-mfg.com A Brief Understanding of IBS --A Case Study of Toyota Page 8 / 12 was marketing and distributing the plant’s output. By this, Toyota obtained a chance to see whether it could build quality cars in the US using American workers and American suppliers, to experience dealing with an American union. All this knowledge later proved to be invaluable. Meanwhile, the joint venture reduced the risk of jumping into a yet unknown market by decreasing the investment scale and borrowing knowledge from GM. Encouraged by its success at NUMMI and already having obtained knowledge of marketing, sales, service, etc in US market, Toyota established its first wholly owned product......

Words: 3709 - Pages: 15

Toyota

... lead times. * To provide members with work satisfaction, job security and fair treatment. * It gives the company flexibility to respond to the market, achieve profit through cost reduction activities and long-term prosperity. TPS strives for the absolute elimination of waste, overburden and unevenness in all areas to allow members to work smoothly and efficiently. The foundations of TPS are built on standardisation to ensure a safe method of operation and a consistent approach to quality. Toyota members seek to continually improve their standard processes and procedures in order to ensure maximum quality, improve efficiency and eliminate waste. This is known as kaizen and is applied to every sphere of the company's activities. ------------------------------------------------- Kaizen - Continuous Improvement Kaizen is the heart of the Toyota Production System. Like all mass-production systems, the Toyota process requires that all tasks, both human and mechanical, be very precisely defined and standardised to ensure maximum quality, eliminate waste and improve efficiency. Toyota Members have a responsibility not only to follow closely these standardised work guidelines but also to seek their continual improvement. This is simply common sense - since it is clear that inherent inefficiencies or problems in any procedure will always be most apparent to those closest to the process. The day-to-day improvements that Members and their Team Leaders make to their...

Words: 4718 - Pages: 19

Toyota

...1. Where should the plant be located and what degree of flexibilities should be build into each? What capacity should each plant have? Answer: Toyota applies its global complementation strategy to its part plant. Each plant should be designed with capacity to supply its regional factories. Toyota has around 45 plants globally to cater the demand of customers. Their plants have flexibility to manufacture their various models from the same plant. They have highest capacity at its plant located at CANADA having capacity of 18000cars / month. All other facilities are having an average capacity of around 10000 cars/ month. 2. Should plant be able to produce for all markets or only specific contingency market? Answer: Flexibility to supply other markets when their local market demand is weakened. Their plant should able to supply at least one more market / region. Their plants are sufficient enough to cater the local demand as well as the global demand. During inflation or deflation in economy, they can manage their global operation to survive in the market by promoting low manufacturing cost plant operations. 3. How should markets be allocated to plant and how frequently should this allocation be revised? Answer: Standard allocation should be optimized during the planning phase. Adjusted when necessary, reviewed either annually or twice in a year. 4. What kind of flexibilities should be build into the distribution system? Answer: Optimized flexibilities should be build into the......

Words: 307 - Pages: 2

Toyota Motor Company Operation/Quality Research Report

... Toyota identifies the waste is by using a basic paradigm of first understanding the current condition of any process it wishes to improve, and then develops a target condition for the process-a description of how the process should operate. The problems and obstacles that prevent the target condition from being achieved are identified and then moved into problem solving. During the problem solving effort, waste is identified and then addressed through appropriate countermeasures. The key focus is on moving from the current condition toward the target condition by understanding and eliminating problems and obstacles, not necessarily by trying to identify waste as the first step: a subtle difference that is not often highlighted in the lean process (Anderson, 2009, p.2, par. 3). TOYOTA MOTOR COMPANY OPERATION/QUALITY RESEARCH REPORT 7 Operations Management Operations management is the management of processes used to design, supply, produce, and deliver valuable goods and services to customers (Swink & Melnyk & Cooper & Hartley, 2011, p. 4, par.3). Operations managers in a given firm interact with managers in other business functions, both inside and outside the operations managers’ own company. Operations management thus spans the boundaries of any single firm, bringing together the activities of internal operations (i.e., internal to a given company) with the operations of customers, suppliers, and other partners around the world. The following...

Words: 3589 - Pages: 15

Toyota

...As a result, the auto maker has begun implementing a number of new programs with the benefit of that hindsight. These previously unreported steps include a multimillion dollar, multilingual computer system manned by a dedicated unit of 20 employees who compile repair reports from Toyota dealerships world-wide, complaints on the Internet and safety concern information gathered by governments, and then mine that data to spot trends. Known internally as TAQIC, or Toyota Advanced Quality Information Center, it was launched in August and will be made accessible to most employees on an as-needed basis. Toyota executives also told The Wall Street Journal that the company will soon name a managing director to oversee all safety-related issues. This official will work on the research and engineering side of the business, but collaborate with a separate quality-focused task force established last year. In the U.S., Toyota officials say they will likely give a safety reporting role to Steve St. Angelo, who already has been named chief quality officer in North America. Another initiative involves the so-called Swift Market Analysis Response Teams, known as Smart, set up last year to troubleshoot in the U.S. These are now being rolled out globally in markets such as Europe, India, Southeast Asia and China at a total annual cost to Toyota of some five billion yen ($60.4 million). The teams are responsible for tracking down what company insiders dub 'S-ketten,' a hybrid of an......

Words: 259 - Pages: 2

Toyota

...I. Organization History, including a Mission Statement if possible. . The history of Toyota began in the ends of the 19th century, when Sakichi Toyoda invented the first electric spinning machine in japan; he was born in 1867 in japan. By inventing the electric spinning machine, he did revolutionized the industry of textile in the country, in January of 1918, Sakichi established the Toyoda Spinning and Weaving Company, and with the help of his son, kiichiro Toyoda, he carried out his long time life dream of manufacturing a machine of automatic spinning in 1924 .In the same year, Sakichi Toyoda invents Toyoda Model G Automatic Loom. Like his father, Kiichiro was an innovator, and during his visits to Europe and the United States in late 20th he became deeply interested in the automotive industry, there he was in its infancy. Making the most of the £ 100,000 that Sakichi Toyoda received for selling the patent rights of his automatic loom to a British company in 1929, Kiichiro laid the foundations of Toyota Motor Corporation (TMC), which was established in 1937. From looms to cars, the Toyota story has been a constant succession of situations in which the boundaries were extended from manufacturing. In 1955 The Toyopet Crown, Toyopet Master and Crown Deluxe are launched. In1957 the first prototypes of the Crown are exported to the United States; Toyota Motor Sales U.S.A., Inc. is established. Until early 1960, Toyota opened its first research and development...

Words: 574 - Pages: 3

Toyota Operation

...Toyota Operations Travis Bolt Strayer University Bus 508 Dr. Kerry Lanza Abstract The global market is such a vast and seemingly endless landscape of huge corporations and great opportunities. One of the giants that stand out from those around is the Toyota Corporation. Toyota has been able to cross international boundaries and make themselves relevant in virtually all segments of the auto retail market. This operation is often modeled in other industries due to the simple and effective approach Toyota has taken. It has allowed them to move with the market, and develop quality products at competitive prices. Toyota Operations Toyota is a brand that is recognized by virtually every civilized person in the world. This recognition is not something that came over night or through accident but rather by extensive planning and a common goal. The fundamental business of Toyota is developing and selling automobiles to the private consumer and small commercial applications. Toyota has become an industry leader by developing what consumers want and creating a real value for the customers. Toyota’s Story Toyota was originally founded in 1897 as Sakichi toyoda a loom company; it did not start researching gasoline engines until the 1930. In 1933, the automobile department was established as Toyoda Automatic Loom Works, Ltd. Within three years, Toyoda rolled out its first vehicle, the AA sedan. The...

Words: 1787 - Pages: 8

Toyota

...Running Head: PRODUCTION AND OPERATION MANAGEMENT Production and Operation Management of Toyota Introduction In today’s fast moving economy, every organization needs to change their production and operation and provide effective products and services to the customers according to their needs and demands. This paper discusses the operation and production management system of Toyota and the use of teams in production and operation management. This paper also discusses the ability of Toyota to adjust the crisis. Toyota Motor Corporation Toyota is a leading car manufacture company in the world. Headquarter of Toyota is in Japan. The company deals in luxury cars, trucks and cabs and in recent year, company launched its hybrid car called “Prius” for the customers in the market. Toyota covers major shares in the market and ranked on number one in the year of 2010 with 8.6 million units produce globally. The market share of Toyota in FY 2011 is 11.5 percent (Bloomberg, 2011). The net revenue of Toyota in 2011 is $ 229.06 billion. The market capitalization of Toyota is $ 212.60 billion (Yahoo Finance, 2011). Company has the global presence and introduces new products and segment cars according to the needs and demand of the customers and market conditions of a country. Company operates their business in all five continents and has 77 manufacturing companies in 27 countries of the world, which produce different luxury and segment cars, trucks etc. and the...

Words: 1778 - Pages: 8

Toyota

... operation, inventory and distribution costs. In contrast, the big three either sourced in-house or awarded short contracts to the lowest bidders. Bidders would often cut cost in the expense of quality.   Toyota VS. Big three Given all these strengths does Toyota need to change? Does not Toyota still possess a comparative advantage over its rivals in all these areas? The answer is yes and no. Yes Toyota still holds a comparative advantages on nearly all fronts, however the company wants to grow even further and a comparative advantage that cannot be sustain in growth might not be such a comparative advantage after all. The demand for volume has certainly showed in the past some cracks in Toyota’s system and so there is an important need for these issues to be addressed. The good news is that the basics of the system are sound and small adjustments in implementation are needed. These adjustments although small can make a big difference between success and failure. Toyota’s rivals have narrowed the gap and Toyota cannot afford to fail, especially in the vicious media and information cycle of these days – just ask RIM. Using the same framework above, we will look into the weaknesses of the Toyota system when stretched thin due to need to rapidly grow, especially in the developing markets. Toyota’s Challenge There have been various changing dynamics in the auto-industry that need to be taken into account when listing Toyota’s......

Words: 3200 - Pages: 13