The Toyota Way (Toyota Production System) is a comprehensive expression of the company's management philosophy, which is based on the two foundational principles of Continuous Improvement (kaizen) and Respect for People.
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The Toyota Way is supported by two main pillars: 'Continuous Improvement' and 'Respect for People'. Toyota is never satisfied with where they are and always work to improve their business by putting forward new ideas and working to the best of their abilities.
We are living in a world of great competition. Even though the Japanese or Toyota were not the first to invent the automobile, the brain came from Europe, the Japanese have shown the world how good they are at execution, discipline, standardised orderly, neat approach, continuously striving to improve the product or process through continuous improvement or Kaizen.
They have been able to show the world how excess of inventory in any organisation or industry can be dangerous, costly or even fatal and why manufacturing just in time when the customer needs the item is the best and cheapest high quality way to get reliable good products out of the system for the customer.
The implementation of Toyota Way saw to it that any employee could work to improve the company . TPS reduces waste, increasing efficiency and reducing costs
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