Manufacturing Industry
Toyota's real secret: manufacturers sometime assume Toyota's success begins and ends with the Toyota Production System. In truth, though, implementing the TPS is just the first step toward optimizing all the functional processes of an enterprise. The next competitive step: the Toyota Product Development System.(PRODUCT DEVELOPMENT)(Toyota Motor Corp.)(Cover story)(Company overview)
Industry Week, February, 2007 by Teresko, John
MANY MANUFACTURERS FIND THEMSELVES trying to solve the Toyota Production System conundrum: More and more, adopters of the lean manufacturing practices of TPS find they aren't guaranteed a competitive edge. TPS merely brings their manufacturing prowess on par with other adopters. What these companies are still missing is as important to their enterprise as a powertrain is to an automobile: the Toyota Product Development System.
The experts say that lean product development as Toyota practices it can surpass even the potential performance and cost reduction advantages of TPS. In addition, there is only so much waste that TPS can squeeze out of the production process before engineering of the products and processes becomes a critical constraint, says Jeffrey K....
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
