BENCHMARK FOR PROCESS EXCELLENCE- TOYOTA..

TOYOTA MOTOR CORPORATION:


TOYOTA =  OPERATIONAL EXCELLENCE


The largest automobile company in the world today isToyota.  With over 255 Billion USDollar in annual revenue and having manufactured over 200 million automobiles, Toyota is an iconic organization that has revolutionised an entire industry with its revolutionary practices aimed at operational excellence. 
Incorporated in 1937, Toyota today manufactures a huge range of cars, Sports utility vehicles and  Luxury sedans across a wide price band through its factories across the globe.


Toyota pioneered the efforts to create process management models and methodologies to achieve operational excellence like  "Lean Manufacturing" and Just In Time Production that significantly improve productivity and profitability. Today, Lean Manufacturing and JIT methodologies are increasingly adapted by global  manufacturing organizations to cut down their operational expenses and drive down the manufacturing cost, thus increasing productivity drastically.
Toyota has become the global benchmark for best practices aimed at process & operational excellence. The Toyota Way, a set of principles and guidelines developed by the company embodies the outlook to be developed by global leader. 
The Toyota Way is supported by two main pillars: 
a) Respect for people and b) Continuous Improvement. 
Together, they define how the people of Toyota treat others and how they perform their work in order to deliver the company’s values to customers, shareholders, associates, business partners, and the global community.


Toyota way, summarizes its values and guidelines as follows:


Respect for People:

• Respect – we make every effort to understand each other, take responsibility and build mutual trust
• Teamwork – we stimulate personal and professional growth, share development opportunities, and maximise individual and team performance.

Continuous Improvement:

• Challenge –long-term vision, meet challenges with courage and creativity to realise the dream
• Kaizen – improve business operations continuously , always drive innovation and evolution
• Genchi genbutsu – go to the source to find the facts, make correct decisions, build consensus, and achieve goals at best speed.

These prinicples have led Toyota to be and be known as a true leader in Manufacturing Processes and Production techniques and Methodologies across the world.
Known for its proactive concern for Environmental preservation, Toyota has been a leader in environmentally friendly vehicle technologies. Toyota's R&D engineers are consistently focused on improving the  performance of Toyota's products on various aspects like fuel efficiency, emissions and noise during vehicle use, the disposal recovery rate, the reduction of substances of environmental concern, and CO2 emissions throughout the life cycle of the vehicle from production to disposal.

The United States EPA has awarded Toyota Motor Engineering & Manufacturing North America, Inc (TEMA) with a ENERGY STAR Sustained Excellence Award in 2007, 2008 and 2009.

Toyota has proved to the world, the positive impact of being an environmentally friendly 

ethical corporate with sound manufacturing methodologies and process excellence.