Toyota influenced many organizations around the world and created the foundation of modern manufacturing. Toyota is the world’s most valuable automaker with a market cap of $200 billion and $50 billion in cash.
Part II of this two-part episode focuses on the Toyota Production System and its key elements. The Toyota Production System is based on continuous improvement and identifying problem areas first-hand. In addition, the Toyota Production System is the basis for current lean manufacturing. Also known as the Thinking People System, the Toyota Production System is about empowering every employee, at every level of the organization to continually improve themselves and the organization.
Show notes (with time stamps)
Introduction: 00:00 – 01:08
Shigeo Shingo: 01:13 - 05:52
Toyota Production System: 05:56 - 23:05
Toyota Motor Co.: 38:32 - 45:35
Just in Time: 23:09 - 30:35
Kaizen: 30:39 - 32:11
Kanban: 32:15 - 37:18
The Seven Wastes: 37:21 - 45:48
Applications to Sales & Marketing: 45:52 - 49:27
Conclusion: 49:32 - 54:30
Music
Artist: Scott Holmes
Album: Road Trip
Track: Indie Rock
Resources
Management Lessons from Taiichi Ohno by Takehiko Harada (2015)
Competing To Be Really, Really Good by Takahiro Fujimoto (2007)
The Toyota Mindset: The Ten Commandments of Taiichi Ohno by Yoshihito Wakamatsu (2007)
References
https://en.wikipedia.org/wiki/Taiichi_Ohno
https://www.economist.com/node/13941150
http://www.strategosinc.com/taiichi_ohno.htm
https://www.youtube.com/watch?v=ZK6vyFz7yrM
https://www.getvetter.com/posts/159-taiichi-ohno-an-intro-to-the-father-of-lean-manufacturing
http://www.qualitygurus.com/taiichi-ohno/
http://www.lean.org/shook/displayobject.cfm?o=2010
http://www.toyotageorgetown.com/history.asp
http://www.toyota-global.com/company/history_of_toyota/75years/index.html