SUPPLY CHAIN TOYOTA MOTORS

Toyota Motors Supply Chain

Executive Summary

This assignment gives the overview of Toyota. It also explains about their supply chain relationship of those manufacturers. It also gives the advantages and disadvantages of those companies. I have also compared the strategies of Toyota. I have collected some details regarding the future scope and threats for the manufacturer. I have given some general statistics of the company. Then I have given some future strategies of those concerns.

Toyota Motors Supply Chain

Definitions

Supply chain: Supply chain encompasses all activities associated with the flow and transformation of goods from the raw materials stage (extraction) through to the end user all well as the associated information flows. Material and information flow it up and down the supply chain.

Supply chain management: supply chain is the integration of these activities through improved supply chain relationships, to achieve a sustainable competitive advantage.

Introduction

In this modern world automotive sector is a rapidly growing sector in various aspects. The automotive manufacturers are developing new products according to the latest trends. Meanwhile the competition in this field is also increasing to a great extent. To sustain in this day-by-day increasing competition, the automotive manufacturers all over the world are in a position to update their product according to the modern trend and to make products by reading the mindset of the customers to stay and develop in the market. Other than these two main aspects they are in a position to concentrate on their product quality, reduction in lead-time and they should be in a position to supply their products at a competitive price.

The above seen aspects should be achieved during the design and the production stage of the product. It is impossible for a company to make this happen unless they receive the quality product in right time at the right price from their suppliers because these automotive manufacturers greatly rely upon the suppliers for nearly 80% of their components. So the performance of the supplier reflects on the performance of the manufacturer. So the manufacturers should concentrate on whole supply chain to develop their product rather concentrating only on their company. This is possible only when the manufacturer and the supplier works together to solve their problems and evolve a cost effective and quality product in right time. The above-mentioned out put is possible only when the relationship between the supplier and the manufacturer is healthy. This healthy relationship leads to the competitiveness in the market for the manufacturers.

In this modern automotive trend the manufacturers work a lot to develop their product by developing their existing supply base and by developing the new supply bases. To make this happen different companies work out different strategies. Toyota is leading competitor in the globe today. Toyota is Japanese company who uses a methodology to increase its competitive advantage and it concentrates mainly in improving the existing supplier's capability and performance.

Overview Of Toyota Motor Corporation

Toyota Motor Corporation develops and manufactures vehicles, and is one of the largest car manufacturers in the world offering a ...