ASSIGNMENT 2: INDIVIDUAL REPORT,

BUP004 - Operations Management

The importance of operations management in any kind of
business organisation is known to all. The companies that did
not follow planning in the operations management were not able
to succeed as much as the companies that planned their
operations and processes. The report takes the example of
Toyota Motor Corporation and establishes the fact the in spite
of the severe competition that exists in the automobile industry
and in spite of the many downfall of the industry; the company
has been able to make its mark on the globe. The company has
made its global presence felt and it could very well be attributed
to the excellent operations planning at both the assembly line
and at the product and process level. The company uses the
Just in Time techniques to reduce wastage and also aims at
maintaining the highest possible quality by implementing Kaizen
techniques. The Kanban which is also known as the signboard
technique is also used for maintain the lean production in the
company.

Toyota has been able to perform well as they have the most
efficient process technology planning, capacity management
planning, lean production techniques, continuous improvement
strategies and supplier development techniques. The company
would need to make some changes in the materials-processing,
information-processing, customer-processing and also in the
process technology related to volume and variety. The future
outlook for the company appears o be bright but the company
would have to make the changes in the technologies
accordingly. Toyota appears to be the best possible example to
demonstrate the operations management techniques as they
have mastered the art of using the space, the capacity and also
providing the highest possible quality.