Essay about Toyota: Toyota Production System

Submitted By vivien_0122
Words: 851
Pages: 4
Open Document
Toyota’s
Triumph and Waterloo

The rank of Toyota in Global 500
• 2007 – 2013, Toyota was the biggest motor ve hicle manufacturer in the world.
• Followed by General Motors Corporation and
Ford Motor Company (Fortune, 2014).

Source: Google.com

The other automobile manufacturers

Source: www.nstechnologies.co.in

Sakichi Toyoda
• In 1890’s, Sakichi Toyo da invented the wood en hand loom and rec eived a patent for it.
• He kept improving the loom in his whole life and invented power l oom. (Toyota-global, 2
012)
Source: www.toyota-global.com

A wooden Toyoda hand loom

Toyoda power loom
(Japan’s first self-powered loom)

Source: www.toyota-global.com

The founder of Toyota
– Kiichiro Toyoda
• The eldest son of Sakichi Toyo da • Spent his childhood in his fath er’s textile factory
• Studied in engineering, law an d social system in the universi ty • Took over the company when he was 27 years old (in 1921)
(Toyota-global, 2012)
Source: www.toyota-global.com

The found of Toyota
• Establishment: 1926
• Capital: 80,462 billion yen
• Main business: Manufact ure and sale of textile ma chinery, automobiles, ind ustrial vehicles and other products. (Toyota-global,
2012)

Source: www.toyota-global.com

The development of Toyota

Source: www.toyota-global.com

Source: www.toyota-global.com

Source: www.toyota-global.com

The expansion of Toyota

As of 2012
Source: www.toyota-global.com

Source: https://www.youtube.com/watch?v=cYFB1rKHdqo

Toyota’s Production System (TPS)
• TPS is a unique system of producing vehicles d eveloped by Toyota
• The goal is to make and deliver vehicles in the quickest and most efficient way.
• Also known as “The Toyota Way” or “Lean Pro duction” Source: www.ehuub.com

Toyota's Japan and Overseas Production and Sales Volumes

Source: www.toyota-global.com

A massive car recall
• In August, 2009, a fatal car accident happened in C alifornia, the US
• The floormats affected the car braking systems
• Toyota recalled 8 million cars in total, including mo re than 5 million cars in the North America market.
• Toyota was fined $16 million by the US governmen t for “did not alert the US government to its safety problems quickly enough” (Andrews, Simon, Tian,
Zhao, 2011)

Toyota’s action
• Halted sales and suspended production of its e ight models for a short period
• Akio Toyoda, the CEO of Toyota, officially apol ogized to customers 10 days after recall decisi on. • Repaired affected vehicles for free and made c ompensations. • Spent $2 billion (Sanchanta, 2010)

The voice
“We are not proud of recalls, but there is nothing wrong with recalls. Hiding anything would be the problem. We are dealing with problems more expediently.” – a senior executive of Toyota (Kageyama, 2012)

“They expanded too fast and lost control of their quality control, Toyota‘s great reputation was quality control This will have a bigger effect inside Toyota, More than a U.S. auto company, the Japanese style of selfmortification and shame will ensure this never happens again.“ - Consumer advocate Ralph
Nader (Stein, 2010)

My opinion
• Quality control should not only be executed inside th e company, but also to the suppliers and even distrib utions. • Sometimes rapid expansion would lead to the decrea se of the employee’s quality. So human resource man agement should be considered as important as quali ty control.
• Although Lean Production is a successful method em ployed by many companies around the world, it is stil l need to be improved dynamically.

Conclusion
It is undeniable that the Toyota Production Sys tem is a great success, since it helped Toyota b ecome the NO.1 in automobile industry. But th e rapid expansion and the sense of achieveme nt would make Toyota lose its quality control, t he most crucial part in automobile manufactur
ing.
Show More

Related Documents: Essay about Toyota: Toyota Production System

Toyota Production System and Quality Control Essay

The main purpose of this case study is to talk about how Toyota overcame their production problems in their Georgetown, Kentucky Plant. Toyota has always strived for “better cars for more people”. Therefore when their company started having trouble with the run ratio and seat defects of their cars it was very intense. In early 1992, the concern about product proliferation began to arise. The old model Camry consisted of seats that had five styles and only three seat colors. In March, TMM launched…

Words 1596 - Pages 7

Essay on toyota case 26

purchase Fords and if you are a Toyota person, you tend purchase Toyotas. So many different variables go into picking out a vehicle that it is very difficult for auto companies to stay relevant year after year. Whether a person wants a sleek look, horsepower, or whatever else the one thing that all people want is top quality for the lowest cost. In recent years, almost every major automaker has had some type of blemish such as recalls. Over the past decade, Toyota has been in the spotlight when it…

Words 3234 - Pages 13

WEEK 2 ISCOM 383 TEAM Value Chain Model Essay

Value Chain Model Toyota is the leading car manufacturer in the world. The company prides itself in making reliable cars that are sustainable. Toyota believes in making a high quality product good for customers and the environment. The global supply chain model focuses on being efficient and following the standards the company has on ensuring the process produces the best product for consumers. Focusing on global and local productions, the company wants to ensure “made by Toyota” gains the trust of…

Words 1670 - Pages 7

Toyota Corp. Analysis & Balanced Scorecard Essay

Toyota Corp. Analysis & Balanced Scorecard BBUS 4251 Instructor: Dr. Rishma Vedd Name: Tsung-Lin Yeh Student # T00022252 Contents Contents page …………………………………………….. 1 Summary of Balanced Scorecard ………………………… 2 Executive Summary …………………………………………….. 3 Corporate Strategy………………………………………… 3 Critical Success Factors …………………………………… 4 Competitive Advantage ……………………………………….. 4 Balanced Scorecard ……………………………………………. 5 Recommendation ………………………………………………. 7 Conclusion …………………………………………………

Words 1911 - Pages 8

Toyota : Looking Far Into the Future Essay

Cumpolsory Case : “Toyota : Looking Far into the Future” A Brief History of Toyota 1) Toyota begins work on small car, a niche neglected by Detroit a. Toyopet is introduced in 1947. b. Reinvest profits from small cars into research and development 2) In 1957, Toyota performs its first American road test a. Modified Toyopet performs poorly, failing the road test due to heat and vibration b. Start over and by 1960 Toyota has a new Toyopet…

Words 2583 - Pages 11

Toyota, Resources Analysis Essay

TOYOTA Brief Company Overview Toyota Motor Corporation is a Japanese multinational corporation, and is considered the world’s largest automaker of automobiles, trucks, buses, robots, and providing financial services. The company adopts a philosophy in terms of its production system, which is named The Toyota Way. Its philosophy in production involves a list of fourteen principles that are implemented in the company, and serve as guides to the operation of the company Resources Tangible resources…

Words 1271 - Pages 6

Toyota Case Study

General Introduction about Toyota Toyota Motor Corporation is one of the best companies in Japan and also in the world. They are a big player in the automotive industry as one of the oldest and most experienced manufacturers. Nowadays they are in charge of producing several lines of cars that are sold all around the world. They are known as a very innovative company, especially their experience with hybrid-cars. When it comes to revenue, it is considered to be 13th biggest corporate in the world…

Words 2899 - Pages 12

Toyota Prius Case Study Essay

Toyota Case Toyota Motor Corp. (TMC) Should the new Toyota president accelerate the launch scheduled for the Toyota Prius? The plan to introduce the car “at the end of 1998 with expected production of 1000 units per month…” (Reinhardt, Yao & Egawa, 2006) is an extremely aggressive and ambitious goal; but, is it in TMC’s best interest to speed up the planned launch? There is no doubt that the new president (Hiroshi Okuda) is under extreme pressure to compete in a global market, he believes…

Words 2686 - Pages 11

Strategic Paper

Executive Summary When thinking of Toyota, the first thing that comes to mind is a good quality vehicle and the recent recall that affected a large amount of people. With just one set of recalls Toyota went from being a highly trusted brand to a brand that was questionable in terms of quality and regard for customers. Now that there are threats presented through the company itself, preparing best practices to be reinstated and revamped in addition to the new recommendations to help with the negative…

Words 2013 - Pages 9

Hrm in Toyota Essay

Table of contents 1. Introduction 2. Toyota background 3. Toyota production analysis 4. Toyota and globalization 5. Toyota and HRM 6. Ethical issues and globalization 7. Conclusion 8. References Introduction Toyota is one of the largest car manufacturers in the modern world. In fact, this multinational corporation has become the leading car manufacturer replacing the world leader General Motors which has remained on the first position within several decades. Obviously, this is a tremendous…

Words 3673 - Pages 15