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Tps Recommendations

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Submitted By kbryer
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Toyota's decision to implement lean production methods using Supply Change Management models in North America was successful to eliminate lag and waste, However, adopting this methodology in North America was risky regarding currency fluctuations. A recommendation that Toyota consider the financial aspects dealing with currency prior to additional construction and already risky adoption of lean methods in North America distribution centers. These currency fluctuations could confound the bottom line when working with analytics for input and output. as well as the This statement regarding a choice to expand production in North America was made by Coca-Cola 10K (2010) financial assessment. “Our international operations are subject to certain opportunities and risks, including currency fluctuations and government actions. We closely monitor our operations in each country and seek to adopt appropriate strategies that are responsive to changing economic and political environments and to fluctuations in foreign currencies. We use approximately 60 functional currencies. Due to our global operations, weaknesses in some of these currencies are often offset by strengths in others. In 1999, 1998, and 1997, the weighted-average exchange rates for foreign currencies, and for certain individual currencies, strengthened and weakened against the U.S. dollar (Coca-Cola 10K, 2010).

Using Just in Time (JIT) inventory management methods, as current Toyota Distribution Centers do in North America and globally, means that the a state of the art inventory software is utilized. To ensure inventory dashboards are available when and where needed a equally powerful backup system is needed. A recommendation to ensure current inventory ordering and tracking software is backed up by an additional system in North American Distribution Centers. Mcrill (2012) states that one "downside to

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