Toyota Production Systems: The Scent Of Last Ferre

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Report on TOYOTA PRODUCTION SYSTEM: “THE SCENT OF THE CORNERED FERRET” To Dr. A. K. DEY By Group 2 11HR-034 Aditi Garg 11IT-003 Akshat Chaudhari 11DM-186 Chintan Shah 11IB-054 Kolhe Satveer 11DM-070 Meenal Jindal 11HR-016 Pranav Tripathi INDEX Sr. No. | Description | Pg. No. | 1 | Summary | 3 | 2 | History | 3 | 3 | Toyota Production Systems | 3 | 4 | Development of TPS | 4 | 5 | What went Wrong | 4 | 6 | What needs to be Done | 4 | 7 | Reasons for success of TPS in Toyota | 5 | 8 | Toyota in US | 5 | 9 | Toyota’s Response | 6 | 10 | Toyota Way | 6 | 11 | Operational Strategies | 7 | 12 | Just-in-Time: Productivity improvement | 7 | 13 | Lean Production: | 7 | 14 | Jidoka: Highlighting/visualization of problems | 7 | 15 | Kaizen | 7 | 16 | Key Points | 8 | Summary The case discusses the secret behind the success of Toyota Motor Corporation, which went from near bankruptcy situation to breaking American supremacy in automobile industry. The case discusses the corporate culture that was the backbone of its success. Toyota’s main reason to success is in its Toyota Production System also referred as Toyota’s corporate DNA. History Sakichi Toyoda invented the Toyoda Model G Automatic Loom. It featured the implementation of Jidoka, in which featured stopping of machine until the defect is corrected. Later it became an integral part of the Toyota Production System. The main reason behind jidoka is to ensure quality in the first run meaning preventive measures rather than corrective measures Kiichirō Toyoda founded Toyota Motor Corporation in 1933. The early focus of the company was to produce cars required for Japanese war. TMC on resuming after war produced its first commercial car Toyopet which economic car designed to sustain the roads in Japan. The sales were low initially because of post war effects,

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