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Jit &toyota - Essay Example

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Nowadays management has become more an art than a science. Managerial strategy includes ability to work with people properly and effectively in order to achieve organization’s…
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Jit &toyota
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Download file to see previous pages Though there are a lot of various kinds of business, the main principles of effective management are applicable in 90 per cent of all cases. The differences in managerial practice are mainly connected with the way these principles are implemented. Operations management is not only a concrete system of parameters and indicators, which it depicts, but also it includes a character and peculiarities of professional managerial thinking. In other words, it is a performance that is related to the process of elaboration, usage and improvement of production systems based on which consummate products and services of the company are produced. The ultimate purpose of effective operation management is the building of managerial system that is able to ensure implementation of necessary actions and procedures in order to receive market result out of the functioning of each organization.
One of the brightest examples of successful operation management is Toyota Motor Corporation. It is the largest Japanese automobile corporation that also offers financial services and has several supplemental business directions. The headquarter is located in Toyota, Japan. The company takes the eighth place in the Fortune Global 500. The company produced cars, trucks and autobuses under such brand names as Toyota, Lexus, Scion, Daihatsu, Hino. The company sells about 9 million cars annually gaining total net revenue of more than $2 milliards (75 Years of Toyota, 2012). Assimilating relatively new trend of electromobiles, Toyota Motor tests «Toyota Plug-in HV» i Japan, USA and Europe, which is considered to affect environment less perniciously than the cars with hybrid engine. Toyota is a company with diversified and active business position that all the time searches for the ways of development. Hence, in 2007 Toyota supplies own engines for the Williams team in the races of Formula 1 (75 Years of Toyota, 2012).
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