Toyota – Lean Manufacturing/Just-in-Time (JIT)
- Conduct research through academic writings and analyze the use of Lean Manufacturing/JIT within Toyota.
- Critique Lean Manufacturing/JIT as a management theory by analyzing its application and use, both in theory and practice. What are its strengths and weaknesses?
- Evaluate the efficacy of Lean Manufacturing/JIT within Toyota and demonstrate cause and effect for how Lean Manufacturing/JIT has led to successful corporate performance for Toyota. You must identify 5 key relevant performance indicators (KPIs) in order to demonstrate cause and effect. Use the same time frames for all KPIs. Show all formulas and calculations, and indicate the data source used (e.g. EDGAR database).
Some possible KPIs could include:
- Ratios: activity, liquidity, solvency, and profitability measures
- Trends: longitudinal (i.e., over time) analysis of changes in KPIs (sales, costs, etc.)
- Markets: EPS, share value, P/E, market capitalization