Using Teams in Production and Operations Management

Using Teams in Production and Operations Management

Introduction

Operations management is described as the operation, design, and development of the systems that deliver and create the organization's primary services and products. Like marketing and finance, Operations management is a practical field of business with apparent line management responsibilities. The operation management by a company it refers to the management of business operations and managing the business recourses efficiently in order to minimize the cost and maximizing the profit of the company. Therefore the operational management system of the company helps the company in managing their business operations. It is essential for any organization to manage its functions properly in order to compete and remain a dominant force in market. Because the operation management is as important as other functions, the operation management refers to the management of all the operations related to the organization.

No organization will be successful if they were not managing their operational functions properly. The operation management of all the organizations is important because the operations of the organization are directly related to its cost (Johny, 2008). Operation Management allows the organization to develop a business plans by inculcating different players on the same page. That business plan to judge the suitable areas for the expansion of the business or the areas which needs more attention. The companies need to evaluate their financial stability that the company has a sufficient financial fund to develop its operations into the new market that they are going to enter, and also it is important for the company to check that if they had enough funds to expand their business in the long run. Operation management tends to look upon the areas of their daily operations whether it b production or any other department. The focus is however, on building up the engine in the organization which can run the organization smoothly and smooth work can only be achieved through forming teams. Precisely Operations management is all about team work and in the course of the paper we intend to shed light on the team work of the Toyota in the Production and Operations Management. However, it will be done through various perspectives in order to develop a better understanding of the subject.

Discussion

Toyota

Toyota Motor Corporation today is ranked as the third largest automobile manufacturer in the world, based in Toyota (Japan) and is ranked after the Forbes Global 2000; it is the third largest publicly traded company in the world. The company primarily operates in Japan, North America, Europe and Asia. It is headquartered in Toyota City, Japan and employs 317,716 people. The company founded by Kiichiro Toyoda in 1937 took over, with sales of 8.972 million vehicles in 2008 the state of the world's largest automobile manufacturer from General Motors, lost it in 2011, due to several recalls and the resulting lost confidence of buyers, but again GM.

Toyota is currently only the world's number three, behind Volkswagen AG.

The company recorded revenues of JPY18, 993,688 ...