Prepare a report to demonstrate the toyota production system

Assignment Help Marketing Management
Reference no: EM131921294

Assignment - Toyota Production System

Overview

In this assignment, student teams prepare a report to demonstrate their acquired knowledge of the Toyota Production System and of ToyotaMotor Company's North American regional productionstrategy.

A real-world case study underpins one-half of theassignment.

Assignment

Address as a team the following four exercises due the last day of this week in the group assignment folder.

Exercise 1: Making a Critical Assessment of the Toyota ProductionSystem (TPS)Today

1. Demonstrate your team's basic understanding of the TPS byDefining in your team's own words any eight of the terms, and

2. Applying them to one or more of your team's own companies or other organizations.

For example, Pokayoke is an approach to avoid production mistakesthrough use of devices or processes that detect or prevent errors. At a software development firm, Pokayoke might be applied through use of a modular development process that includes extensive software module testing before proceeding to module integration and then total systemtesting

a. Describe the TPS as a total entity. What are its purposes? Its advantages? Its limitations? How is it now evolving? Is it getting better or not? Has it been successfully copied by other motor vehicle manufacturers, fully or partially? Why or whynot?

b. Include an executivesummary.

Exercise 2: Use of Grid Analysis (Weighted Scoring) to Help Make the North American Plant Location Decision for the RX330

This exercise illustrates how when deciding among two or more competing plant location options, various decision factors (which can typically becharacterizedas exogenous - in the environment external to the company, hence largely outside its control - or asendogenous - internal to the company, therefore largely under its control) can be qualitatively identified, and how these factors canthen be scored, weighted, and summed to obtain an overall score for each competing locationoption.

An example of an exogenous factor is regulations or laws established by the government where the company operates. An example of an endogenous factor is the wages the company elects to pay, where not constrained bylaw.

You will use grid analysis/weighted scoring, another important tool employed byoperations managers, in developing yourrecommendation.

a. List the factors your team considers key to the location decision required in this case: Toyota MotorManufacturing Canada (TMMC): The Lexus RX 330 Line identifying these factors as either exogenousor endogenous, weighting them using your team's best judgment (stating any relevant assumptions or constraints), and assigning two scores to each factor: one score for production of the Lexus RX 330 at TMMC, and one score for production at a Toyota factory in theUSA.Sumthe weighted scores to obtain an overall number for each of the two locations.

b. Using the scores from your team's weighted scoring model and working with regard to RingiSho and Nemawashi, make and support your recommendation for the RX 330 North American plant location - TMMC, or a factory in theUSA.

c. Include an executivesummary.

Exercise 3: Recommending Production Capacity Needed at ToyotaMotor Manufacturing of Canada(TMMC)

Decision trees are another important if challenging world-class operations management method which operations managers should understand andwith which other managers should befamiliar.

This exercise illustrates how through using a decision tree, determination of an "optimal" production capacity option can be made from among several possible capacity options based on the provided probable market demand andexpected costs/payoffs of events that influence theoptions.

Your team must recommend the production capacity needed at TMMC, after considering a decision tree-based solution prepared by the Acme North Carolina operations analysts (hypothetical) who are supporting theteam.

It is spring 2000, and TMMC has indeed just been chosen to produce the new Lexus RX 330 line, with the first vehicles deliverable in 2003. Toyota must now determine the amount of annual production capacity it should build atTMMC.

Toyota's goal is to maximize the profit from the RX 330 line over the five years from 2003-2007. These vehicles will sell for an average of $37,000 and incura mean unit production cost of $28,000 (here, $ = the Canadiandollar).

10,000 units of annual production capacity can be built for $50M (M=million) with additional blocks of 5,000 units of annual capacity each costing $15M. Each block of 5,000 units of capacity will also cost $5M per year to maintain, even if the capacity isunused.

Assume that the number of units actually sold each year will be the lesser ofthe demand and the productioncapacity.

Marketing has provided three estimated demand scenariosfor the vehicle with associated probabilities asfollows:

Demand

2003

2004

2005

2006

2007

Probability

Low

10,000

10,500

11,000

11,500

12,000

0.25

Moderate

15,000

16,000

17,000

18,000

19,000

0.50

High

20,000

24,000

26,000

28,000

30,000

0.25

Here is the decision tree-based solution that the Acme North Carolina operations analysts (hypothetical) who are supporting the team haveprepared:

a. To maximize profit earned during this period, which annual production capacity will your group recommend that TMMC in 2000 decides to build - 10,000, 15,000, 20,000, 25,000, or 30,000 cars? Justify your choice.

b. What are the weaknesses or limitations in this analysis? How might they be corrected orreduced?

c. It is now 2017.How well has the RX-330/350 actually done in the North American market? Is its quality rated as high as a Lexus made in Japan? Support yourviews.

d. Include an executivesummary.

Exercise 4: Assessment of Toyota's Current Regional Production Strategy

a. After doing necessary research online or otherwise, document and evaluate the current and planned distribution of Toyota production facilities in North America. Here be sure to include Mexico. THINK CRITICALLY

b. WhydoestheteambelieveToyotahaschosentoproduceitscarsforthe North American market in the current manner? THINKCRITICALLY

c. Recommend any changes that the team believes appropriate inthe distribution of Toyota production facilities in NorthAmerica.

d. Comment on the relevance and value, if any, to Toyota operations in North America of the North American Free Trade Agreement.

e. Include an executivesummary.

Besides an assessment of Toyota production in North America, thisexercise provides the team an opportunity to think ahead to the strategic international considerations that will be important in DMBA 630.

Required Format:
Your report should be in pdf format and contain about 20 pages in length or less, including an executive summary of about 0.5 page per exercise, all double-spaced (2 pages). Attachments, if any, will not count against the 20 pages or less.

Attachment:- Material.rar

Verified Expert

This assignment deals with understanding the sales estimates of the Toyota sales of a particular model named Lexus. This discussion helps in reflecting on how the sales have grown over the fast few year and gradually helping the Toyota company to regain it level of number one position in north america market.

Reference no: EM131921294

Questions Cloud

Investigate the effects of social factors on health : The purpose of the research paper is to give each student the opportunity to demonstrate that they can investigate the effects of social factors on health.
Analyze the effects of these events on the accounting : Analyze the effects of these events on the accounting equation of the medical practice of Bob Morin, P.C.
Diminishing marginal utility : What would happen at a restaurant like a all you can eat buffet if diminishing marginal utility didn't exist?
Create a apa reference of the article : Create a APA reference of the article and then created a 200 word annotated Bibliography of the article.
Prepare a report to demonstrate the toyota production system : Demonstrate your teams basic understanding of the TPS by Defining in your team's own words any eight of the terms - Describe the TPS as a total entity
Prepare the journal entries to charge the costs of materials : Cambridge Manufacturing Inc. uses the job order cost system of accounting. Prepare the journal entries to charge the costs of materials, labor
What is the nature of adam of humans in general : What is the nature of Adam, of humans in general? What is their relationship to angels and the other created beings? How did the angels feel about the creation
Calculate the money multiplier and the money supply : a) Calculate the money multiplier and the money supply for August of 2008 (2008-08-01)
How much product cost would allocated to cost of goods sols : How much product cost would be allocated to cost of goods sold and ending inventory on the year in financial statements, assuming use of FIFO

Reviews

len1921294

3/30/2018 2:47:01 AM

Please answer this question in great detail. at least one page or two. It is based on the attached assignment sheet in regards to toyota cars. It is now 2017. How well has the RX-330/350 actually done in the North American market? Is its quality rated as high as a Lexus made in Japan? Support your views? Please answer this question with some references. Thank You. If any questions on where to find info look in my school page for suggestions. Group Project 10 attached instructions and all readings are in the login page I gave access to.

Write a Review

Marketing Management Questions & Answers

  What are the forces in the marketing environment

What are the forces in the marketing environment? How much control does a marketing manage have over these forces?

  New product adoption process

What are the 4 P's and their importance? Micro-environmental factors. Macro-environmental factors. New Product Adoption Process

  How did you participate in marketing-related activities

How did you participate in marketing-related activities this past week as both a consumer and on the job?

  Determine the contact radius

A sphere of radius r = 8 mm is pressed against a rigid flat plane. Using a commercial program, determine the contact radius, a, for a given load F = (30 X 2π) N.

  Explain an analysis of marketing research

Explain An Analysis of Marketing Research and describe and critique the market research activities of your organization

  Strategic marketing recommendations for this business

Suggest two (2) strategic marketing recommendations for this business based upon your reflection/analysis and the information that you have gained throughout the course?

  Explain the role of ethics and social responsibility

Explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs.

  After watching the change is good movie clip list three

after watching the change is good movie clip list three ways in which change can impact your leadership at work and two

  Begin your research by compiling fundamental information on

previously you were part of a team that researched a number of asian counties and selected a number that you believed

  Explain for your compfort fyc industry analysis

Explain For Your Compfort FYC Industry Analysis

  Discuss the reasons behind the new expansionism that

discuss the reasons behind the new expansionism that characterized us foreign policy in the

  Heavy lift surcharge and long lift surcharge differentiate

differentiate between the following a ship owners lien and maritime lien b air transport and rail transport c heavy

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd