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In: Economics

Write about the features of toyota production system and advantages of this system against traditional production...

Write about the features of toyota production system and advantages of this system against traditional production system.

Solutions

Expert Solution

Step 1: Features of the Toyota Production System:
It is developed by an automotive manufacturer Toyota for organizing manufacturing and logistics efficiently.
It is an integrated socio-technical system.
It has a philosophy of working intelligently and elimination of waste so that only minimal inventory is needed.
Cash flow is increased and physical space needs are reduced by this system and the required result is delivered smoothly through the internal process one piece at a time to end customer.
This system has responsibility for having made Toyota the company it is today.


Step 2: Advantages of TPS:
TPS provides a few advantages to those who choose to implement it.
a). All aspects of safety are improved by this system for employees and customers. It is a safety-conscious system that reduces the risk in the workplace as well as found on the road.
b). Customer satisfaction is improved by this system by providing products that are free of defects. TPS put its customers first that is the reason behind the success of TPS.
c). Efficiency is increased, waste and cost are reduced by TPS.
d). Quality in products and processes is improved by TPS. Some lean methods are used to reduce errors and improvement of quality.


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