How did Toyota beat FORD & GM using its GENIUS Supply Chain Model?

Video Introduction:
Toyota is one of the most extraordinary companies in the world! and the attribute that makes it so incredible is the fact that Toyota was a company that literally had every possible obstacle for failure and yet Toyota has emerged as the largest automobile manufacturer in the world!

1. Japan being such a small country had very few natural resources and very little population. So both raw material and labor were extremely costly!
2. Japan is a land of Natural disasters where earthquakes and tsunami are frequent and could destroy your plants within a minute!
3. When Toyota was just 2 years into their business, world war 2 happened, where bombs were dropping from the sky, where let alone business even survival was a luxury!
4. After the Hiroshima Nagasaki bombing and world war 2 Japan’s economy was in complete ruins, 5. With all odds against them, it was in direct competition with the Giants of the United States like General Motors and Ford Motors!

And yet, Toyota has emerged as such a successful automobile company that in 2008 it even became the largest car manufacturer in the world! How? This video will answer the question!

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STUDY MATERIAL:
1. Toyota flow analysis
2. Toyota Innovation timeline
3. Toyota research paper
4. Toyota Way Fieldbook

Time stamps:
0:00 Intro
1:31 Sponsor
2:24 Toyota Crisis
10:54 Lessons
12:41 Study materials

#toyata #justintime #toyatavsford #thinkschool Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.

[prasannapatwardhan]

"But you know what guys" has became has iconic line 🔥🔥

[gouravpednekar]

I am also a teacher and I have given Toyota's example several times in my class while teaching JIT, but your convincing power, presentation skill and precision is superb!!

[akshayakshantal]

I’m a CA student
Have these topics in my syllabus, but never understood these topics during my classes.
Excited for next video On kaizen, kanban card

[walnut]

There is a famous quote (somewhat dubiously) attributed to Henry Ford: “If I had asked people what they wanted, they would have said faster horses.” Customers can easily describe a problem they're having — in this case, wanting to get somewhere faster — but not the best solution.

[meetmaheshwari]

There are 8 major wastes (Mudas In Japanese)
D - Defects
O - Overproduction
W - Waiting
N - Not utilizing Talent
T - Transport
I - Inventory
M - Motion
E - Extra processing

[incredibleworld]

I am 14 years old.
But this is more interesting then my schooling.

[amolsinghal]

Just one thing to comment to your work " I am speechless". Wow Ganesh! You are amazing. ❤️❤️❤️

[SudarshanKK]

I can understand Toyota's JIT more than anyone else. In the year April 2011, my Dad ordered a Toyota Innova directly through the dealer. It was the year that Japan was struck by a Tsunami. The car (back then) was imported part-by-part, and then assembled in Bidadi plant, only as per the number of orders received and not by predicting future orders! I am always a hardcore fan of Toyota, and this video has made me rely on them until and unless the heavy tax system of India does not close their business forever! ❤️

[matth]

As someone who works in Supply Chain, I can tell you that Toyota's just in time strategy is imitated, but never replicated properly.... The difference is that Toyota identifies "critical SKUs" that they cannot run out of stock on. They buy these items in bulk and hold loads of inventory of these critical parts so that when there is a disruption (like a global pandemic) things don't come grinding to a hault.

[mars_z]

Toyota is largest Japanese company in the market capitalization

[srisaisubramanyamdavanam]

i dont know where this guy gathers the information. But the way he gathers and presents here in this video is jaw dropping. Really learnt so much from him. Thanks bro and we are expecting more from you....

[divyanshsahu]

They created the legendary LFA, that's enough to show how great Toyota is.

[ashutoshanand]

Toyota’s reliability is still the key to their success and thats why people who dont want much of stress in automobiles opt for toyota as it is one of the best in terms of reliability and trust. Thats my research done on toyota in real life aspects

[nandakishore]

“When Congress passes new emission standards, we hire 50 more engineers and GM hires 50 more lawyers.” -Soichiro Honda.

Honda story is also interesting.

[adityakrishna]

Toyota cars are more reliable than any other brand that's why Innova and Fortuner is still the best sellers on their segments 💪

[geraltofrivia]

I think that the JIT process can only be applied in the first two or three years of a startup as at that time entrepreneurs don't have much capital to invest on bulk supplies, so it will help them to save their capital as well as the labor and the time.

[pvmadhavan_]

Hi,
You’re doing an amazing job. You’re videos are so good. And I’ve a suggestion, if it’s good, consider implementing or if not leave it.
The suggestion is, like how you’re telling so many success stories, similarly tell failure stories of companies too, it would also be a great lesson. Failure stories of particular decisions of a company or the failure and shutdown of an entire company too. I feel this would also help upcoming entrepreneurs.
Thank you.

[satyasiddhamishra]

The reliability that Toyata offers in its cars made them this successful today.

[mangalakkalkot]

I have become your huge fan. Not a business oriented person, but it always fascinates me that how exactly all this works. And the info you give out is amazing.

And with this JIT , it was like saying, get fresh vegetables when the order is placed rather than stocking them in fridge and spending on electricity bill, investing on veggies and yeah, serving tasteless food at the end and getting horrible reviews by customers 🤣

[massiveknowledge]

I used to watch your videos regularly but due to my medical entrance examination I missed some of this but now my examination finished and I am back. A lot of thing for learning included in this video.✅👍✅✅