Importance Of Toyota Operations

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Executive summary
The Toyota Company is one the leading manufacturer of automobiles in the world today. But if you look back to the history of The Toyota Company, it was on the brink of bankruptcy by the end of 1949, however Toyota has successfully gained the name of the number one car manufacturer in the world and has held onto that name even though Toyota has faced massive hurdles over the past 6 years.
Introduction
A major factor to the success of The Toyota Company is due to effective quality management in the form of company practices that have been replicated all over the world by major organization’s to date. Toyota engages a stringent management system based on founding principles of operations management and excellence, such as the Toyota Production System (TPS). By spearheading such programs, Toyota has enjoyed substantial growth and worldwide success.
In this assignment I am going to discuss the importance of Toyota’s operations management schemes and measure the relative success of the overall strategic management’s objectives.
Operations and productivity
Operations Management can be simply defined as the function of effectively and efficiently managing the process of production and business operations both internally and externally. A simple definition however does not do justice for the broad scope that encompasses operations management and the vital role it plays in making an organization successful and competitive in today’s market. Companies that employ a successful operations management programs have strategic planning, tactical input and operational success. Companies that do not utilize this operations function face difficulties in market trend short sightedness and lack of competitive edge that can ultima...

... middle of paper ...

...instrumental in Toyota reaching the top spot it enjoys today and of course maintaining that effectiveness.

Conclusion
After World War 2, Toyota was faced with the reality that change was necessary if it wanted to succeed and grow into an automobile manufacturer that could compete with the World’s giants such as Ford. If it weren’t for the Operations Management processes implemented and fine-tuned over the years then Toyota would never have got off the ground. It is evident that the constant strategic goal of operating more efficiently has been the crucial factor in Toyota’s success, coupled with the decentralized management philosophy, allowing the company to freely think and improve itself from an operational standing. Today, Toyota stands as an educational example of strategic excellence and a success story for people and companies to admire throughout the World.

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