Toyota

Toyota

Introduction

Toyota Motor Corporation (TMC) or more commonly known as Toyota is one of the most widely recognized Car manufacturer in the world. Today, Toyota is considered as one of the top car manufacturers that are able to beat its closest rivals in which mainly General Motors is top of the list. The competition is based over the sales and production of both organizations. Toyota currently has its main market in United States of America and Japan however, the company exerts the same influence in the other markets as well as well as holding a great part of market share

Discussion

Cost Cutting Factors of Toyota

Toyota motor greatly adapts the cost cutting factors in the organization. In the past years, Toyota saved more than 3 billion dollars through the proper implementation of the strategies as well as managing the overall expenditures of the organization. However, in these times and upcoming years the global economy as well as the auto sales are observing a loss, and that would eventually be observed by Toyota as well. This loss would be observed first time in the time span of 70 years. A strategy was also implemented by the organization in order to achieve extra savings.

When this need for the improvement of profits is observed an organization can use any methods. Toyota removed five thousand workers and cut down 40 percent of the overall production of the cars in that time. Based over the studies a further cut of one thousand permanent workers was also to be observed by the company and according to the statement of the company officials the move was just for the betterment of the company and that they were keen to preserve the employs and the process would be based over necessity.

Another strategy was implemented by Toyota by largely expanding the production ...