Toyota Supply Chain Essays -- Business Management, Lean Manufacturing

IntroductionThe business environment is increasingly becoming militant and challenging. In the recent past, manufacturers have found themselves liner the threat of dwindling profit allowances due to unfortunate global events such(prenominal) as the 2007 global financial crisis and the on going Europe frugal crisis. The need to improve operation efficiency so as to chequer current and future investment yield the highest rate of return has thence become extremely important. Manufacturers are now actively engaged in, managing their costs, interrogation and Development, adopting best procurement strategies, among other Actions. While such actions might at long last lead to positive results, additional business value can be achieved through proper management of the supply mountain mountain range (Waymer, Ivanaj & Mussa 2009 Krivda 2004). To support this affirmation Krivda (2004) cites the findings of AMR Research Inc. According to this research, companies that have adopted prope r supply cooking stove operation and management enjoy greater performance as situated by various financial measures. Specifically, excellence in supply chain can result in relatively accurate demand image therefore making such companies realize higher profit margin by approximate 5%, a 15% percent reject inventory, a stronger perfect order rating rating of up to 17%, and a comparative shorter cash-to-cash cycle time of about 35% (Krivda 2004). Generally, a superior supply compass 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. New York Simon and Schuster. Supply Chain Digest, 2010. Supply Chain News Is Lean to Blame for Toyotas generate Issues? Sup plyChainDigestTM , online Available at Accessed 22 December 2014.Supply Chain Digest, 2010. offshoot 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.