Toyota and Volkswagen supply chain management - 4882 Words

Abstract: This assignment gives the overview of the Toyota and Volkswagen. 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 and Volkswagen. I have collected some details regarding the future scope and threats for both the manufacturers. I have given some general statistics of both the companies. Then I have given some future strategies of those concerns. 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†¦show more content†¦Other diversified businesses include industrial equipment, prefabricated housing, and leisure boats. The company is headquartered in Aichi, Japan. For the fiscal year ended March 2004 the Toyota Motor Corporation achieved revenues that totalled Y17, 294.7 billion ($159.4 billion), an increase of 11.6% against the previous years revenues that were Y15, 501.6 billion. The company experienced significant increases of 11.6% and 1.6% in its Automotive and Financial Services division respectively. TOYOTA AND ITS SUPPLY BASE DEVELOPMENT: Toyota is committed in developing its supplier base, which more closely reflects the diversity of its customers and the diversity of its team members who build Toyota vehicles. Having a diverse supplier base enables it to contribute to the economic well being of all its segments. Also, it recognize that partnering with suppliers who provide a diversity of ideas in addition to delivering manufacturing support, goods and services that creates a significant competitive advantage for Toyota. Toyota its partnership development program with its suppliers: One of the most successful Partnership programs was developed by Toyota. Toyota is world renown for its Toyota Production System (TPS) that emphasizes empowered shop floor workers who utilize basic problem analysis methodology to continuously improve manufacturing processes through employee suggestions or proposals. During the year 1992 ToyotaShow MoreRelatedCreating Sustainable Competitive Advantage: the Toyota Philosophy and Its Effects1190 Words   |  5 PagesAdvantage: The Toyota Philosophy and Its Effects What is Toyota Philosophy Toyota is Japans biggest car company and the second largest in the world after General Motors. The fundamental reason for Toyotas success in the global marketplace comes from their corporate philosophy, the set of rules and attitudes that govern the use of its resources. The Toyota philosophy is often called as the Toyota Production System. 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