Toyota is regarded as one of the most efficient companies in the world because of the Toyota Production System (TPS) based on lean production and kaizen (continuous improvement) principles. These are at the heart of its approach to business strategy. The approach adopted by Toyota has resulted in the institutionalization of lean manufacturing skills and kaizen. Over 20 million suggestions in 40 years have been generated by the companys suggestion system which is only one aspect of its approach to continuous
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TQM TOTAL QUALITY MANAGEMENT Total quality management is a management approach centred on quality‚ based on the participation of an organisation’s people and aiming at long term success. This is achieved through customer satisfaction and benefits all members of the organisation and society. A SHORT PAST OF TQM • 1920s: Businesses clearly separated the processes of planning and carrying out the plan‚ the hawthorne experiments in the late 1920s showed how worker productivity could be impacted by
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Question Discuss critically on how to create sustainable competitive advantage through Strategic Management When a certain company or organization wants to possess sustainable competitive advantage in the product or services‚ first of all the company must focus on the core competencies. Core competencies is the things you can do better than your competitors in the critical‚ central areas of the company where the most value is added to company;s products. If a core competencies yields a long term
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(stabilized) and then improved. | | | Standard Work | Standard work is work in which the sequence of job elements has been efficiently organized and is repeatedly followed by a team member. It is an important prerequisite for successful implementation of Kaizen and many other aspects of Six Sigma. * Clearly document steps in the process and include images if possible * Should be done by the persons responsible for the work * Audit the process to check this is being followed. | * Ensures predictable
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INDUSTRIAL TRAINING REPORT AT SHRIRAM PISTONS & RINGS Ltd. [pic] Submitted By NIHIT PANT B.Tech 3rd year 0622240038 [pic] MECHANICAL ENG. DEPARTMENT (I.T.S. ENGINEERING COLEGE) (GREATER NOIDA) ACKNOWLEDGMENT I would like to express my gratitude to Mr. Dinesh Sharma (Manager Piston plant.) for allowing me to be a part of this esteemed comapny. It has been a wonderful experience working with so many experienced people.I would especially
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units (Toyota‚ 2006). Diagram 1: Toyota’s Annual Vehicle Production. Fiscal years ended March 31. Source: Toyota Financial Highlights Toyota Motor Corporation operates under the basic principle of ‘kaizen’. The Japanese word ‘Kaizen’ means continuous improvement. In step with kaizen‚ Toyota Production System (TPS) was established to monitor the continuous improvement Toyota has in mind for their corporate expansion. The essence of Toyota’s production control system is simply focused on to
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manufacturing. Click on a link to jump directly to the related definition. 5S Andon Bottleneck Analysis Continuous Flow Gemba (The Real Place) Heijunka (Level Scheduling) Hoshin Kanri (Policy Deployment) Jidoka (Autonomation) Just-In-Time (JIT) Kaizen (Continuous Improvement) Kanban (Pull System) KPI (Key Performance Indicator) Muda (Waste) Overall Equipment Effectiveness (OEE) PDCA (Plan‚ Do‚ Check‚ Act) Poka-Yoke (Error Proofing) Root Cause Analysis Single Minute Exchange of Die (SMED)
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<QNo>1</QNo> <QUESTION>Defect prevention is</QUESTION> <OPTION1>Mistake proofing</OPTION1> <OPTION2>Iterative testing</OPTION2> <OPTION3>OA</OPTION3> <OPTION4>Early testing</OPTION4> <ANSWER>Mistake proofing</ANSWER> </Main> <Main> <QNo>2</QNo> <QUESTION> ______________ is the critical starting point of Lean thinking</QUESTION> <OPTION1>Project Value</OPTION1> <OPTION2>Customer Value</OPTION2> <OPTION3>Value Addition</OPTION3> <OPTION4>Program
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Hasenfuss‚ M.‚ 2013. PPC chief Ketso Gordhan splashes out on cement firm’s stock. [Online] Available at: http://www.bdlive.co.za/business/industrials/2013/09/12/ppc-chief-ketsogordhan-splashes-out-on-cement-firms-stock Investopedia‚ 2014. Definition of ’Kaizen ’. [Online] Available at: http://www.investopedia.com/terms/k/kaizen.asp PPC Ltd‚ 2014. Our People. [Online] Available at: http://www.ppc.co.za/about-us/our-people.aspx Shevel‚ A.‚ 2014. Ketso Gordhan: Laying the foundations for a fairer workplace
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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