An Analysis of Toyota’s Supply Chain Management Practices

Topic

An Analysis of Toyota’s Supply Chain Management Practices

Instructions

Conduct an Analysis of Toyota’s Supply Chain Management Practices.

Answer preview

Supply chain management practices are instrumental in enabling a firm to gain a competitive advantage over rivals. Toyota employs practical SCM principles that increase value by integrating suppliers, manufacturers, warehouses and stores to create a competitive advantage over rivals. Therefore, this report seeks to explore Toyota’s supply chain management practices. The discussion will explore the various practices employed by the firm in its bid to enhance value to the supply chain processes. Also, the report will exploit the strategic alliance between Toyota and Softbank to improve to supply chain processes. Keiretsu strategy is an effective sourcing plan that the company employs in working toward the improvement of its SCM.

Word count: 2578