This presentation provides an overview of Toyota, the global auto industry, and Toyota's production system. Some key points:
- Toyota is the 3rd largest automaker by sales, producing over 5.5 million vehicles per year across 56 plants on 6 continents.
- Toyota pioneered the Toyota Production System, which revolutionized manufacturing through lean principles like just-in-time production and eliminating waste.
- Toyota's strategy focuses on advancing environmental and fuel cell technologies, cost reduction, and expanding financial services to strengthen competitiveness against global competition.
This describes the Automobile Industry with a current scenario.
Lead for the help of Ecom - Nomic growth rate.Environmental Analysis with positive attraction over global
This describes the Automobile Industry with a current scenario.
Lead for the help of Ecom - Nomic growth rate.Environmental Analysis with positive attraction over global
The case throws a light on how Toyota marketed their hybrid product ‘Prius’ in USA. It is a market which had a history of fast cars and big SUVs.
The presentation was co-developed by : Aakansha Bajpai, Abhishek Bose, Amit Kumar Das, Arvind Singh, Arunava Saha, Archana Yadav (MSRIM Bangalore)
By:-
Aniruddh Tiwari
Linkedin :- http://in.linkedin.com/in/aniruddhtiwari
This presentation covers through the history of automobile industry, Indian automobile industry, production of automobile and Future trend of this industry
The purpose of project 3 is to study about the automotive industry in generally. Then the scope will going deeply to reveal what innovation was occur nowadays in this industry. The study will take two major players in this industry. These are Toyota Motor Company and Honda Motor Company. Inside this document also will review about how the largest automotive manufacturer such Toyota Motor Company and Honda Motor Company carries out the management of innovation. Innovation management will discuss about Toyota Production System (TPS), Toyota Way, Seven Principles of Toyota Production System (TPS), Honda’s Philosophy, Fundamental Beliefs and Three Joy. At the end of this document, it wills write-down how the automotive industry will be manage in the future that focus on research & development (R&D).
The case throws a light on how Toyota marketed their hybrid product ‘Prius’ in USA. It is a market which had a history of fast cars and big SUVs.
The presentation was co-developed by : Aakansha Bajpai, Abhishek Bose, Amit Kumar Das, Arvind Singh, Arunava Saha, Archana Yadav (MSRIM Bangalore)
By:-
Aniruddh Tiwari
Linkedin :- http://in.linkedin.com/in/aniruddhtiwari
This presentation covers through the history of automobile industry, Indian automobile industry, production of automobile and Future trend of this industry
The purpose of project 3 is to study about the automotive industry in generally. Then the scope will going deeply to reveal what innovation was occur nowadays in this industry. The study will take two major players in this industry. These are Toyota Motor Company and Honda Motor Company. Inside this document also will review about how the largest automotive manufacturer such Toyota Motor Company and Honda Motor Company carries out the management of innovation. Innovation management will discuss about Toyota Production System (TPS), Toyota Way, Seven Principles of Toyota Production System (TPS), Honda’s Philosophy, Fundamental Beliefs and Three Joy. At the end of this document, it wills write-down how the automotive industry will be manage in the future that focus on research & development (R&D).
1. Japan / Korea Trip Presentation:
Toyota
Aaron Fyke Yuki Wada
Gary Mi Grace Webber
Tony Palumbo
2. Agenda
• Headline facts: Toyota
• Global auto industry trends
• Japanese auto industry history
• Toyota company background
– Company history
– Production history
– Business segments
• The Toyota Production System
• Toyota’s strategy
• Our questions for Toyota
3. Headline Facts: Toyota
• Toyota has annual sales of $120 Billion
• Produces ~5.5 million vehicles per year
• From 56 manufacturing plants across
6 continents
• Employs ~200,000 people
• 3rd largest automotive manufacturer
4. 1998 Production Comparison Chart
9,000
GM
8,000
Ford
7,000
6,000 Daimler
VW Chrysler
5,000
4,000 T
O
3,000 Fiat Nissan Honda
Y PSA Renault
2,000 O
T
1,000
A
0
5. Global auto industry trends
• Overcapacity
• Economic downturn
• Shifting consumer demands
• European trade barrier reductions
6. Company History
• Established in 1937 out of Sakichi Toyoda’s
weaving machine company
• Launched first car (SA Model) in 1947
• “Toyota Production System” formed in 1950
based on Just-In-Time principle
• First global expansion in 1959 at Brazil
• In 1972, cumulative production >10M units
7. Production History
Domestic Production Total Production
UNITS (thousands)
6000
5000
4000
3000
2000
1000
0
1935 1936 1937 1940 1957 1960 1972 1980 1982 1988 1996 1999
8. Business segments
• Automotive
– Design, manufacture and sales of
passenger cars, recreational vehicles,
SUVs and related parts
• Financial services
– Provisions of loans to car buyers
and car dealers
• Others
– Industrial vehicles (forklifts, etc.)
9. The Toyota Production System
• Revolutionized manufacturing industry
• At its core is “lean”
– a relentless drive to improve efficiency and
eliminate waste
• Beginnings of TPS were born out of
necessity due to lack of resources in
post-war Japan.
10. Toyota Production System
Key Main Concepts
• SMED
– Single Minute Exchange of Dies
– Promoted flexibility of production runs
• JIT
– Just In Time manufacturing
– Small batches which reduced inventory
costs, tightened relationship with suppliers
and improved quality control
11. Toyota Production System
Key Main Concepts
• “5 Whys” Quality
– Asking “Why?” 5 times to locate source of
problems
– Stopping the production line whenever
there are quality problems to ensure they
are not repeated
• Low cost supplier
– Long term supplier relationships
12. Toyota’s Strategy
• Increase competitive strength through
advanced technology
– Environmental technology
• fuel consumption, emission, recoverability
– Hybrid vehicles and next generation fuel
cells
– Cost-reduction efforts
• discontinuation, integration of older models
– Increased emphasis on financial services
and information communication system
13. Our questions for Toyota
• Current competitive landscape
– Local and global competition (Korea,
Daimler-Chrysler, Ford, GM etc.)
• Future of automobiles
– Development of fuel-cells, integration of
Internet applications and other trends
14. Japanese auto industry history
• From follower to leader
• From domestic producer to exporter
• Interventionist government