Toyota Supply Chain Essays -- Business Management, Lean Manufacturing

IntroductionThe business environment is increasingly becoming competitive and challenging. In the recent past, manufacturers have found themselves facing the threat of dwindling reach margins due to unfortunate global events such as the 2007 global financial crisis and the on going Europe economic crisis. The need to improve operation energy so as to ensure current and future investment yield the highest rate of return has therefore become extremely important. Manufacturers are now actively engaged in, managing their costs, Research and Development, adopting best procurement strategies, among other Actions. While such actions might eventually lead to positive results, additional business value finish be achieved through proper management of the supply set up (Waymer, Ivanaj & Mussa 2009 Krivda 2004). To support this assertion Krivda (2004) cites the findings of AMR Research Inc. According to this research, companies that have adopted proper supply chain operation and management e njoy greater performance as determined by various financial measures. Specifically, excellence in supply chain goat result in relatively accurate demand forecast therefore making such companies realize higher profit margin by calculate 5%, a 15% percent lower inventory, a stronger perfect order rating rating of up to 17%, and a comparative shorter cash-to-cash vibration time of about 35% (Krivda 2004). Generally, a superior supply bowed stringed instrument is an important and unique source of competitive advantage. Its importance is especially illuminated in Multinational companies such as Toyota. Putting this into consideration, the question that now begs for an answer is whether Toyotas supply chain is effectively serving the organization. Without a doubt, Toyota ha... .... 68-73.Womack, J., & Jones, T. D., 1996, Lean Thinking. sassy York Simon and Schuster. Supply Chain Digest, 2010. Supply Chain News Is Lean to Blame for Toyotas Recall Issues? SupplyChainDigestTM , online Available at Accessed 22 December 2014.Supply Chain Digest, 2010. Growth and Global Expansion Put Strains on the Toyota WaySupplyChainDigestTM , online Available at Accessed 22 December 2014.Teresko, J., 2001. Toyotas New Challenge. Industry week, online Available at http//www.industryweek.com/articles/toyotas_new_challenge_793.aspxAccessed 22 December 2014.Waymer, L., Ivanaj, V., & Mussa, L. (2009).International business Critical considerations. Philadelphia Lippincott Williams and Wilkins.