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Advanced logistics
week 6
BUS 632 Week 6 Final Summary Paper

BUS 632 Week 6 Final Summary Paper

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BUS 632 Week 6 Final Summary Paper Link Toyota Motor is a car company and is generally focused in making, producing and selling sedans, small mobiles, compact cars, sports car, trucks and other auto accessories around the world. Toyota is famous around the world and being known by over 170 countries of different regions. Its product is being recognized in Japan, North America, Europe and countries in Asia. This paper will trace the history of Toyota Motors, which primarily centred on supply chain information, the supply chain used by Toyota, its strategies, rules and regulations and other methods of managing the company which was proven to be efficient and effective. For so many period of time, Toyota Motors became a model of logistics, lean production, and facilities which was stricken by calamities like tsunamis and earthquake in Japan. Toyota went through this downturn, making its production to be zero right after the hit of these disasters, as well as the nuclear impact which greatly affected the Toyota Motors, including its supply chain. Moreover, the heavy calls on the manufacturing entirely damaged the company. Nevertheless, the Toyota was able to regain its success, due to prudent application of supply chain and the enhancement of logistics in its processes. Toyota still got the one of the highest ranking company in terms of income, it is still confronted with risks and challenging its supply chain but it is still used by other industries. Toyota Motors: This company is regarded as an international business and a major supplier of huge automobile across the world, in terms of income and production; it is regarded as one of the largest company. Toyota Motors was established in 1937, the business is consistently innovating and founded by strategic team cooperation, applying the concept of Kaizen, meaning, getting the enhancement of quality, produce effective cars, lean production, strong supply chain and effective production. The triumph of this company is associated with the way it plans in the long run, fast, flexible, wide and highly humble production. Further, their idea when it comes to leadership is giving them the responsibility to lead and act at all times. This company acknowledges the importance of innovation, intentional culture and never ending improvement of production, and coming up with effective techniques to develop leaders capable of managing the company (Liker & Franz, 2012, p. 94). The character it applies, the accurateness of its production enables the company to outwit their various competitors. Supply Chain: A supply chain refers to a pattern of items, wherein people, businesses and team will be transported from a specific origin down to the customers. Input resources starts the supply chain and the finished product will then be handed to the clients. Everyone is needed in coming up with an effective and efficient supply chain ranging from the production, techniques, logisitics, people and promotion. Characteristics of having an improved and effective supply chain included the following: visibility, improved responsiveness and sensitivity, good cooperation, minimum investment with a lot of return, minimum inventory expenses, and application of supply advisors. In order to come up with an effective supply chain, it is important to have a well planned strategies, good managing of assets, proper procurement process, managing the goods life survivability, rules and standards, and a better collaboration with the management techniques plus logistics. The diagram below will fairly illustrate an effective application of supply chain: Service Areas served by Supply Chain Management The increasing demands of the 21st century necessitate the business to partner its techniques with speed and hitting the timeline. Many businesses compete with each other in order to provide clients with products on time before their respective competitors. Having a well-planned supply chain allows companies to cut expenses, and increase the probability of getting bigger income, this concept was slowly recognized by a lot of managers and how it can positively affect their businesses. Businesses are distributing advance technologies, and resources in order to follow their respective supply chain. The inability to hit the target time can be a reason of sales loss and getting small revenue. The achiever in the competition is the one who is the fastest to provide the customers with the products they needed. Fast delivery gives client’s satisfaction, and gives good name to the company. Toyota’s Supply Chain: The supply chain being used by Toyota incorporates the will to satisfy the demands of the customers. In this supply chain, different aspect are greatly needed, these are the producers, distributors of supply, transporters, storage, retailers as well as the clients. The company has applied an innovative way of managing the supply chai8n by choosing the best suppliers, specifically those who put up the components, close cooperation with business partners. Right after the crisis experienced by the company, Toyota is thinking if single sourcing is no longer effective in the business. Improving the supply chain is a helpful idea in order for the company to effectively manage it. But they have to consider the idea of the supply chain being broken, like what had happened when a disaster/calamity hit Japan. They have to consider the loss of capital in times like this (Blanchard, 2011, p. 45)? It will be a lot more comfortable, to come up with different partners in order to lessen the risk of losing profit. Toyota, has adopted the strategies of other industries in Japan, separating the supply chain from the usual operation. Suppliers are perceived to be little but they are stylist and equipped people that are very important in the supply chain. The supply chain of said company considers timeline, reliability and on time delivery of goods. This is a factor wherein the clients are satisfied with the business of Toyota. Toyota applied innovation in the supply-chain strategies of car industry by clearing the suppliers as the sole origin of components that can give an intimate partnership with the other businesses. Through this, the company as well as its suppliers was able to accomplish quality output and prompt delivery to their assembly facilities (Marksberry, 2012, p. 279). A technique which has been applied in order to upgrade the trust and partnership with the suppliers has been accommodated by Japanese management and was fully recognized during the latter part of 1980s. Japanese techniques focus on a close collaboration with the s

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