Managing Operation Essay Example | Topics and Well Written Essays - 4000 words

Managing Operation - Essay ExampleThe operations of an establishment are all the activities which are directly tie in to accomplish the key function of the organization be it producing a product or rendering services. In both the cases the operations system of rules will propose the transition of certain inputs, like materials and labour, into outputs, as products or services. This paper will discuss about the company Toyota Corporation and how it became the number one car maker.Toyota drive Corporation, which is based in Toyota, Japan, is one of the institutions largest automobile manufacturer offering well known car models like Camry, Corolla, Corona and Lexus. Though a late entrant compared to General Motors and Ford, Toyota had become one strongest player in the automobile industriousness. In an industry generally considered to be mature in equipment casualty of technology, Toyota had continued to set benchmarks for providing value to customers more effectively than competi tors. Toyota had also redefined the rules of operation management in various areas like product development, manufacturing process, vendor management, customer contentment and human resource management. The formal establishment of Toyota motor company ltd., took place in 1937 and since then it moves onto become the leader in the global automobile industry. By 31st march 2008, Toyota group approximately sold 8.9 million vehicles in 170 countries under the Toyota, Lexus, Daihatsu and Hino brands. Since the automobile industry is now facing a recession, Toyota aims to strike sustainable growth by building a more flexible and stronger operational process and corporate structure to counter the challenges of the hyper competitive market world over (Annual Report, Toyota, 2008).Toyota devised lean production which is otherwise known as the Toyota Production System (TPS) which has started a worldwide shift in almost every industry to Toyotas