Toyota, Flexible manufacturing

Toyota <Tab/>Toyota has been a significant company in the evolution of the production system. Before Toyota entered the manufacturing scene, mass production was the only viable way to manufacture automobiles. Toyota's flexible production techniques made huge improvements in automobile production. Even though Toyota has much strength, there are still obstacles to overcome. <Tab/>Toyota came up with many innovative techniques that gained them competitive advantage. One …showed first 75 words of 464 total…

…showed last 75 words of 464 total…besides Toyota, that do business in Japan. Nissan and Honda are also familiar with the flexible production technique that was a major competitive advantage for Toyota. As Toyota enjoys cost savings from inventory and worker down-time, so does Nissan and Honda. These two companies pose a threat to Toyota. Toyota needs to evaluate the Japanese market and finds way to beat its competitors to maintain its competitive advantage that was gained by innovative production methods.