Differences between Process Maps and Value Stream Maps Value Stream Maps Include: 1. Value Add and Non-value Add of steps/activities 2. The Information flow along with the process flow to make the product 3. More information/data on the processes 4. Closed Circuit from the Customer back to the Customer 5. No Takt Time taken into account in process maps [pic] Value Stream Maps Information Flow goes from right to left while the process/material flow goes from left
Premium Inventory Manufacturing Value stream mapping
Total Quality Management In Construction The major new element in world market competition is quality. During the 1970’s and 1980’s‚ the Japanese and their U.S. companies demonstrated that high quality is achievable at lower costs and greater customer satisfaction. It was the result of using the management principles of total quality management (TQM). More and more U.S. companies have demonstrated that such achievements are possible Using TQM as a new way to manage. Such companies also found
Premium Management Total quality management Quality assurance
Introduction Toyota Motor Corporation is a Japanese multinational automaker headquartered in Toyota‚ Aichi‚ Japan. In 2010‚ Toyota employed 300‚734 people worldwide‚[2] and was the third-largest automobile manufacturer in 2011 by production behind General Motors and Volkswagen Group.[3] Toyota is the eleventh-largest company in the world by revenue. In July 2012‚ the company reported it had manufactured its 200-millionth vehicle.[4] The company was founded by Kiichiro Toyoda in 1937 as a spinoff
Premium Toyota
TOYOTA VS. NISSAN – A CONTRAST IN CULTURE‚ CORPORATE GOVERNANCE‚ OPERATIONAL STRATEGY‚ AND FINANCIAL PERFORMANCE Mohamad R. Nayebpour Graduate Faculty of Business Administration Keller Graduate School of Management DeVry University 2000 West Loop South Houston‚ Texas 77027 (713) 212-3610 mnayebpour@keller.edu H H Akira Saito Visiting Research Fellow The Institute of Economic Research Chuo University Japan fujisan@tamajs.chuo-u.ac.jp H H ABSTRACT Toyota Motor Corporation and Nissan Motor Corporation
Premium Toyota Nissan Motors Toyota Production System
Institute‚ Inc.‚ 1999. OR: Productivity Press‚ 1988. Burns‚ Tom‚ and George M. Stalker. The Management of Innovation. New York: Oxford University Press‚ 1994. Ford‚ Henry. Today and Tomorrow. Garden City‚ NY: Doubleday‚ Page & Company‚ 1926 Imai‚ Masaaki. Kaizen: The Key to Japan’s Competitive Success. New York: McGrawHill‚ 1986. Ohno‚ Taiichi. Toyota Production System: Beyond Large-Scale Production. Portland‚ OR: Productivity Press‚ 1988. Taylor‚ Frederick W. Scientific Management. New York: Harper & Row
Premium Toyota Production System Toyota Lean manufacturing
KAIZEN SCHOOL OF BUSINESS MANAGEMENT MARKS: 80 COURSE: EMBA Sem-II SUBJECT: Operation Management Name: Munin Krishna Das Reference Number: KH00610-10427 Note:- 1) Kindly write case study number question number properly 2) Attached question papers with answer sheets ____________________________________________________________ _________________ SECTION A Case – 1 Marks-15 On the night of Feb 28th‚ the last day of classes‚ Nilesh proposed to Geeta‚ his MBA classmate of nearly a year and a
Premium Family Marriage Case study
Natural disasters 6. Appreciating yen exchange rate Strengths 1. Innovative culture. Toyota is one of the most innovative auto companies and has a strong culture that is focused on constant innovation. The company was the first to introduce Kaizen‚ Kanban and Total quality Management systems widely in their organization. The company was the first to mass-produce and sell hybrid vehicles too. 2. Brand reputation valued at $30 billion. Toyota’s brand is the most valued automotive brand in the
Premium Automotive industry General Motors Plug-in hybrid
transformation process (converting inputs into outputs) on an ongoing basis. It involves everyone‚ management and labour‚ in finding and eliminating waste in machinery‚ labour‚ materials and production methods. The Japanese word for continuous improvement‚ kaizen‚ is often used interchangeably with the term continuous improvement. From the Japanese character kai‚ meaning change‚ and the character zen‚ meaning good‚ taken literally‚ it means improvement. Organisational performance can improve from knowledge
Premium Management Improve
changed over the next half century. In the mid 300’s Rome was on its downfall when the Huns came and destroyed all civilization throughout Europe bringing them into the Medieval Era. For the next millennium Europe slowing rebuilt itself poised for kaizen in all aspects of life. This story shows the change in the "Dark Ages" from the dependence on religion to thinking in your own light‚ old ideas and findings were challenged and proven wrong after thousands of years‚ and the power of the rulers finally
Premium Middle Ages Renaissance Europe
Value Chain Analysis of Maruti Suzuki Value Chain A value chain is a chain of activities. Products pass through all activities of the chain in order and at each activity the product gains some value. The goal of these activities is to offer the customer a level of value that exceeds the cost of the activities so that the company can charge a premium price for the product hereby resulting in a profit margin. The primary value chain activities which are used in MUL are: Inbound Logistics
Premium Suzuki Maruti Suzuki