Example Of Article Review On Toyota Details Strategy To Improve Design And Production Approach
The main topic the article discusses is Toyota strategy to sustain its tendency of endless improvement and achieve its goals. It is clear from the article that Toyota Production System, which was brought to the world by Toyota Motor Corp. in Japan, once again introduces a new approach for improvements. It is known that for four years Toyota Corp. has been battling of setbacks, which were mostly nature disasters such as tsunami and an earthquake which lead to financial crisis.
It was established that savings Toyota Corporation owns will be reinvested into new designs, technology and improved quality and manufacturing processes. It was announced that Toyota Corp. will use more components that link not to proprietary specifications but to global standards, which would lower costs of large supplies. Another approaches to improvement and hence success is to maximize and enlarge efficiencies of future cars by start engineering and timing them simultaneously.
Accordingly in April it was announced that in order to speed R&D processes, the company was divided into four parts which are the following. Toyota-brand cars for Unit Center and emerging markets, which develops R&D on technologies that are shared core, for instance transmissions and engines. Toyota-brand vehicles and Lexus which are preferred to mature markets.
In conclusion Toyota Company is confident that with all above facilities improvements, it will achieve its goals and stand out for a long time.
A new path forward. Toyota details strategy to improve design and production approach. Keeping Current. (n.d).