Overall introduction
Toyota company is one of the largest automobile manufactures in the industry world, it first founded by Kiichiro Toyoda in 1937, Japan . in this report will contain overview of the company, information system used, how information systems are helping the company, advantages & disadvantages of Toyota systems, plans of having additional information system(s) and other miscellaneous issues.
Company Background
Introduction:
Toyota Industries Corporation was founded in 1926 by Sakichi Toyoda. [i]It is the world’s largest vehicle manufacturer. It conducts its business worldwide . Toyota’s vehicles are sold in more than 170 countries and regions . It employs approximately 320,808 people worldwide . It leads the automobile industry in environmental technologies with the success of the hybrid technology in the Prius and Hybrid Camry[ii]
Company strategy
Toyota's management philosophy has evolved from the company's origins and has been reflected in the terms "Lean Manufacturing" and Just In Time Production,
"Toyota Way 2001," .expressed Under the two headings of Respect for People and Continuous Improvement. Toyota summarizes its values and conduct guidelines in five principles According to external observers, the Toyota Way has four components .[iii]
Toyota vision
Most respected and admired company
Toyota mission
Toyota deliver outstanding automotive products and services to their customers, and enrich their community, partners and environment . [iv]
History
Toyota was established on 1924 By Sakichi Toyoda when he invented Toyoda Model G Automatic Loom ,on 1950 Company faces a financial crisis; Toyota Motor Sales Co., Ltd. is established, on 1974 Toyota Foundation is established, on 1997The Prius is launched as the world's first mass-produced hybrid car, on 2002Toyota enters Formula One World Championship; Tianjin Toyota Motor Co., Ltd. begins production in China, on 2010 Worldwide Prius sales top 2 million mark; Toyota and Tesla Motors agree on joint EV development[v]
Products and services offered:
Products & Services
Reference[vi] |
|
size of the company:
Diversity
Toyota is very proud of the dynamic mix of cultures, ages, sex, religions and beliefs that make up the melting pot of its international employees. This diversity of workplace that they should be taking advantage of by recognizing and respecting both their similarities and differences. Toyota expects that whilst in the workplace all employees will be tolerant towards others..[vii]
Income Statement
Annual Data | All numbers in thousands | ||
Period Ending | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 |
Total Revenue | 229,171,000 $ | 202,814,000 $ | 207,852,000 $ |
Cost of Revenue | 200,474,000 $ | 178,551,000 $ | 186,856,000 $ |
Gross Profit | 28,696,000 $ | 24,263,000 $ | 20,996,000 $ |
Net Income | 4,925,000 $ | 2,242,000 $ | (4,424,000)$ |
Table reference[viii]
Where in the world does it operate:
consumer customer base:
Toyota provides various products and services to support people’s lives in many different fields, including lifestyle, industrial materials and products, insurance, estate development and automotive accessories and materials.[x]
Suppliers and partners demographics:
Toyota partners:
- Microsoft to deliver cloud computing –enabled in car-digital information service [xi]
- GW to improve car safety.[xii]
- Ford On Hybrid Truck Development.[xiii]
- Tesla to Make Electric Cars. [xiv]
Toyota rises to the top in a new study of supplier relations
Toyota has the best working relationship when it comes to its suppliers , something that can pay off handsomely in terms of quality, reliability and cost – and also result in getting new technologies ahead of the competition.
It was the first time in three years the Japanese maker topped the list. Than its traditional competitors such as :
- Honda
- General Motors
- Ford
- Chrysler[xv]
Toyota suppliers
Toyota policies to manages suppliers for the Long Run
- It spends 3-5 years evaluating a new supplier before awarding an initial contract
- It agrees to prices that allow suppliers to make profit
- Toyota is willing to give 100% of its business for a part to one company if only that company can meet Toyota's expectations for quality and delivery.[xvi]
Toyota Recognizes Top North American Suppliers for 2010
- Aisin World Corp. of America
- DENSO International America, Inc
- .Associated Fuel Pump Systems Corporation
- DTR Industries, Inc.
- International Crankshaft Inc
- MAHLE Engine Components USA, Inc.
- OTICS USA Inc.
- U.S. Engine Valve[xvii]
[i] Toyota Motor Corporation Australia Limited , The company ,available at : http://www.toyota.com.au/about/company [ Accessed date 12-10-2011]
[ii] TOYOTA INDUSTRIES CORPORATION,2010,Business overview ,available at : http://www.toyota-industries.com/product/[Accessed date 11-10-2011]
[iii] Wikipedia ,Toyota ,Available at: http://en.wikipedia.org/wiki/Toyota [Accessed date 25-10-2011].
[iv] Toyota Motor Corporation Australia Limited , The company ,available at http://www.toyota.com.au/about/vision[Accessed date 12-11-2011]
[v] TOYOTA MOTOR CORPORATION., 1995 - 2012 , History of Toyota available at : http://www.toyota-global.com/company/history_of_toyota/[Accessed date 11-10-2011]
[vi] Toyota Tsusho Corporation, 2012 , Consumer Products, Services & Materials, ,available at : http://www.toyota-tsusho.com/english/business/consumer/index.html [Accessed date 11-10-2011]
[vii] Toyota Motor Corporation Australia Limited , The company vision/philosophy ,available at : http://www.toyota.com.au/about/diversity [Accessed date 11-10-2011]
[viii] Yahoo finance ,2011, Toyota motor corp.(TM),available at : http://finance.yahoo.com/q/is?s=TM+Income+Statement&annual[Accessed date1-11-2011]
[ix] TOYOTA MOTOR CORPORATION., 1995 - 2012 , Worldwide Operations ,available athttp://www.toyotaglobal.com/company/profile/facilities/worldwide_operations.html[Accessed date1-12-2011]
[x] Toyota Tsusho Corporation, 2012 , Consumer Products, Services & Materials, ,available,at:http://www.toyotatsusho.com/english/business/consumer/index.html[Accessed date 11-10-2011]
[xi] Cloud Business Review , Ivan , 2011,Toyota partners with Microsoft, press release , 7April .Available at : http://www.cloudbusinessreview.com/2011/04/07/toyota-partners-with-microsoft-to-deliver-cloud-computing-enabled-in-car-digital-information-services.html [Accessed date12-12-2011].
[xii]Cory Weinberg , 2011, Toyota partner with GW ,(Blog ) 6, Dec. Available at: http://blogs.gwhatchet.com/newsroom/2011/12/06/toyota-partners-with-gw-to-improve-car-safety/[Accessed date 12-12-2011].
[xiii] I stock analyst , Toyota partner with ford ,2011,Available at : http://www.istockanalyst.com/finance/story/5373783/toyota-partners-with-ford-on-hybrid-truck-development [Accessed date 11-12-2011].
[xiv] In habitat ,Toyota Partners With Tesla ,2010 ,Available at :http://inhabitat.com/toyota-partners-with-tesla-to-make-electric-cars/ [Accessed date 12-12-2011].
[xv] Detroit Bureau , Toyota tops in suppliers ,Paul ,2011,available at: http://www.thedetroitbureau.com/2011/05/toyota-tops-in-supplier-relations-but-just-barely/ [Accessed date 13-12-2011].
[xvi] Future lab , Toyota manages suppliers for long run, John Caddell ,2007, available at : http://www.futurelab.be/blogs/marketing-strategy-innovation/2007/11/toyota_manages_suppliers_for_t.html [Accessed date13-12-2011].
