Toyota and Its Component Suppliers

Toyota Motor Corporation is a Japanese automaker, which is founded by Kiichiro Toyoda in 1937 as a spinoff from his father’s company Toyota Industries to create automobiles. In March 2013, it was reported as the thirteenth-largest company in the world by revenue. The brand that it created like Lexus, Daihatsu and Hino Motors were famous in the world. And TMC is part of the Toyota Group, which is one of the largest conglomerates in the world.

Toyota and its component suppliers

Assessment 3

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Cai Ruodan

4398397

06/11/2013

1.0 Introduction

Toyota Motor Corporation is a Japanese automaker, which is founded by Kiichiro Toyoda in 1937 as a spinoff from his father’s company Toyota Industries to create automobiles. In March 2013, it was reported as the thirteenth-largest company in the world by revenue. The brand that it created like Lexus, Daihatsu and Hino Motors were famous in the world. And TMC is part of the Toyota Group, which is one of the largest conglomerates in the world. Toyota puts ‘high quality’ as their principal. Its commitment is that ‘Nothing is so good that it cannot be made better’. Toyota has taken an integrated approach to “making better cars” and providing “better services” with many business partners including suppliers and dealers. It puts high quality as its principal; it would not easily to accept an inexpensive unless such price is based on reasonably cost with its quality. And it seeks to contribute to society by providing customers with the most attractive products in the most timely manner (Toyota, 2013). The high quality car of Toyota leads to less maintenance and give its users more safety and wonderful driving experience inspire me to focus on the relationship between Toyota and its component suppliers. The purpose of this paper is to illustrate how Toyota maintains good relationship with its 200 component suppliers. In this paper, it will according to the quality requirements of Toyota to its...