Toyota has long been recognized as an industry leader in manufacturing and production. Three stories of its origin have been found, one that they studied Piggly-Wiggly's just-in-time distribution system, one that they followed the writings of W. Edwards Deming, and one that they were given the principles from an Army training program. It is possible that all are true. Regardless of the origin, the principles, described in Toyota's management philosophy.
Toyota's management philosophy has evolved from the company's origins and has been reflected in the terms "Lean Manufacturing" and Just In Time Production, which it was instrumental in developing. The Toyota Way has four components:
Long-term thinking as a basis for management decisions.
A process for problem-solving.
Adding value to the organization by developing its people.
Recognizing that continuously solving root problems drives organizational learning.
Toyota Tsusho is one of the largest trading companies in Japan (6th largest in the world). Toyota Tsusho has a world-wide presence through its many subsidiaries and operating divisions (over 100 offices, and 500 subsidiaries and affiliates around the world). Its main business is supporting Toyota Motor's automobile business and other Toyota Group companies. In actuality, Toyota Tsusho's business is very diverse, spanning the industrial, commercial, and consumer sectors. Business areas run the gamut from industrial raw materials, agriculture, to high-technology.
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