A Study of Lean Management 2034 Essay Example | Topics and Well Written Essays - 2500 words

A Study of Lean Management 2034 - Essay Example Secondly, value stream is identified as the main source of information for the whole process. Thirdly, lean management assists in assuring that the customers receive the right products. Customers pull is important and hence it is the fourth principle for lean management. Fifthly, through lean management there is continuous improvement in productivity and quality of products (Schonberger, 2007). The report explains the operational process in Toyota and how it has helped the company to prosper in the present market. The different approaches that are undertaken by the company to reduce waste, increase productivity and efficiency are also highlighted in the report. In light of this, the report also gives emphasis on the usefulness of lean management in order to satisfy the customers. The success of Toyota is dependent on its reduction system, which focuses on just-in-time management and continuous improvement. The company has developed decentralised structure; the structure encourages team work and employee participation. It has incorporated techniques such as inventory and supply chain management for producing the high quality automobile. Through these techniques it has increased the competitive edge in a competitive automobile market at international level. The success of the company revolves around achievement of high productivity and employment of unique approaches that can solve problem. Toyota Motor Company manufactures vehicles which are sold in 170 countries. However, the company operates worldwide by partnering with 50 overseas manufacturing companies. It manufactures sells and even exports hybrid, passenger, four-wheel drive, sports and commercial vehicles. Customer satisfaction is regarded as the top priority for the company in a competitive automobile market. It aims at building products, which reflect value and satisfy their needs. The customers are general public who have the desire to own a