Description
innovative management practices by automobile companies. It describes the Just in Time (JIT) concept adopted by Toyota and also the Kaizen process that the company follows. It also goes on to explain the various management practices adopted by Tata Motors.
INNOVATIVE MANAGEMENT PRACTICES BY AUTOMOBILE COMPANIES WORLDWIDE
JUST IN TIME
• • • • Inventory management practice Developed by Henry Ford-perfected by Toyota Right material, right place, right time and exact amount. Advantages- low process inventory, minimizes carrying costs, higher profit, reduced customer response time, minimized risk. • Disadvantage- difficulty to cope up with sudden increase in demand.
TOYOTA’S KAIZEN PROCESS
• Kaizen means continuous improvement focusing on eliminating waste in all systems and processes. • The cycle of Kaizen activity can be defined as: 1) Standardize an operation and measure it. 2) Gauge measurements against requirements 3) Innovate to meet requirements and increase productivity 4) Standardize the new, improved operations 5) Continue cycle ad infinitum.
TATA MOTORS
Corporate Social Responsibility • Global Compact • Dual approach: 1) Reducing Pollution 2) Restoring Ecological Balance • End of Life Vehicle
THANK YOU
doc_721472852.ppt
innovative management practices by automobile companies. It describes the Just in Time (JIT) concept adopted by Toyota and also the Kaizen process that the company follows. It also goes on to explain the various management practices adopted by Tata Motors.
INNOVATIVE MANAGEMENT PRACTICES BY AUTOMOBILE COMPANIES WORLDWIDE
JUST IN TIME
• • • • Inventory management practice Developed by Henry Ford-perfected by Toyota Right material, right place, right time and exact amount. Advantages- low process inventory, minimizes carrying costs, higher profit, reduced customer response time, minimized risk. • Disadvantage- difficulty to cope up with sudden increase in demand.
TOYOTA’S KAIZEN PROCESS
• Kaizen means continuous improvement focusing on eliminating waste in all systems and processes. • The cycle of Kaizen activity can be defined as: 1) Standardize an operation and measure it. 2) Gauge measurements against requirements 3) Innovate to meet requirements and increase productivity 4) Standardize the new, improved operations 5) Continue cycle ad infinitum.
TATA MOTORS
Corporate Social Responsibility • Global Compact • Dual approach: 1) Reducing Pollution 2) Restoring Ecological Balance • End of Life Vehicle
THANK YOU
doc_721472852.ppt