Toyota Mortors assignment
Operation Management
TOYOTA
Team P.A.L
Minchul Seo (M66310)
Altanzul Puntsagdorj (M66326)
Table of Contents
Introduction 2
Industries and Company Information 4
Explanation of OM Capabilities 6
How Company Uses OM 7
Comparison with one of the competitors, Hyundai Mot 9
Identify Problems 11
SWOT Analysis 14
Regarding Toyota Crisis 18
Areas to use for improvements of Critical Business activities in OM 23
Provide Multiple Solutions 25
Conclusion 30
Introduction
Toyota Motor Corporation is one of the leading automobile manufacturers in the world by not only its models but also its management. We can say that the principles that Toyota Motor Corporation uses are the way to their success. For instance, they do not only want to be successful by themselves but also they respect their partners and suppliers by challenging them and helping them improve. Toyota wants to be reliable to the customers, suppliers and to the organization. For this reason, they use some operating management technologies such as Just In Time (JIT), Quality Management (QM), Total Quality Management (TQM) and so on1. Using these technologies they could reduce to time they spent on manufacturing, shipping, ordering, receiving, forecasting and many others. It also affected to their quality and the overall mission to be succeed. They do not try to hide their weakness and problems in the organization so that they can fix them easily by using simple visual indicators to help people determine their problems immediately whether they are in standard condition deviating from it. Toyota Motor Corporation is used to listen to their employees, managers and executives. By letting every employee in the organization using their knowledge and sharing them on improving the quality and design of the products, they found some great importance, which were the quality improvement, the product living and its reputation. The overall result
TOYOTA
Team P.A.L
Minchul Seo (M66310)
Altanzul Puntsagdorj (M66326)
Table of Contents
Introduction 2
Industries and Company Information 4
Explanation of OM Capabilities 6
How Company Uses OM 7
Comparison with one of the competitors, Hyundai Mot 9
Identify Problems 11
SWOT Analysis 14
Regarding Toyota Crisis 18
Areas to use for improvements of Critical Business activities in OM 23
Provide Multiple Solutions 25
Conclusion 30
Introduction
Toyota Motor Corporation is one of the leading automobile manufacturers in the world by not only its models but also its management. We can say that the principles that Toyota Motor Corporation uses are the way to their success. For instance, they do not only want to be successful by themselves but also they respect their partners and suppliers by challenging them and helping them improve. Toyota wants to be reliable to the customers, suppliers and to the organization. For this reason, they use some operating management technologies such as Just In Time (JIT), Quality Management (QM), Total Quality Management (TQM) and so on1. Using these technologies they could reduce to time they spent on manufacturing, shipping, ordering, receiving, forecasting and many others. It also affected to their quality and the overall mission to be succeed. They do not try to hide their weakness and problems in the organization so that they can fix them easily by using simple visual indicators to help people determine their problems immediately whether they are in standard condition deviating from it. Toyota Motor Corporation is used to listen to their employees, managers and executives. By letting every employee in the organization using their knowledge and sharing them on improving the quality and design of the products, they found some great importance, which were the quality improvement, the product living and its reputation. The overall result
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