The Toyota Production System (TPS) is a technical system that was formulated by Toyota that consists of the management philosophy as well as structures. The TPS does put into account not only logistic but also manufacturing for the leading vehicle manufacturer. The term was previously called lean manufacturing as a description of the huge success that the Japanese automobile company was having globally. Either way, the main goal is to get rid of waste from processes to minimize lead time.
The system has three main desired outcomes. For once, there is the provision of customers with high quality vehicles in a very timely manner. On the other hand, there is the provision of members with satisfaction at work, job security as well as treatment that is fair. There is also the flexibility of the company to respond to the market while achieving profits through reduction of costs. Continue reading