Wednesday, February 19, 2020

Industrial level of BMW and Toyota Essay Example | Topics and Well Written Essays - 250 words

Industrial level of BMW and Toyota - Essay Example This in turn makes the suppliers produce even better components and with greater efficiency. Toyota has something known as jidoka that requires even the machine to work autonomously whenever they detect a faulty part (Frick 2011). Disallowing such a part to do ensures the production of quality products. After the production completion, the vehicles are given to the distributors in case of marketing them locally. Otherwise, the shipping process occurs via the use of containers for international market. Marketing by Toyota is done through advertisements and promotions. In terms of after-sale services, the company managed to outperform its closest competitors through customer satisfaction. The company does a follow-up to ensure that the individual is satisfied for at least a given time after the purchase. For value addition, the BMW group works with over 12,000 suppliers in 70 countries that need to fulfill the standards set by the group in production of high-end components. Like Toyota, BMW works with the suppliers to leverage potential (Coe 2004). For the international market, the finished vehicles are shipped from the assembly lines with containers. Those that are sold in the local market of the assembly lines are transported to the respective showrooms using trucks. Marketing and sales by BMW include encouraging consumers to purchase the vehicles. The company employs advertising, promotion, pricing, marketing, sales, and so on. After-sale service is also offered by BMW. It involves user support, training, repair services, spare part management, installation, upgrades and so on. The company handles complaints well and this has been successful in attracting return customers. Frick, Jan. Advances in Production Management Systems Value Networks: Innovation, Technologies, and Management, IFIP WG 5.7 International Conference, APMS 2011, Stavanger, Norway, September 26-28, 2011, Revised Selected Papers. Berlin: Springer,

Tuesday, February 4, 2020

Adam Smith Essay Example | Topics and Well Written Essays - 1250 words

Adam Smith - Essay Example Advantages of division of labor can be seen in large organizations that have various branches and finally the branches incorporate into one bigger organization. Each branch has its own set of activities that it works on and has perfected. For instance, in a manufacturing organization there could be branches such as finance, production, sales, and marketing among others. Combination of all these branches makes one large organization and bringing together activities from the various branches gives better performance than if these tasks were to be conducted by one body. In his example about pin making, Smith argues that division of labor yields better results that non specialization (Smith, 2007, p. 3). This implies that division of labor is certainly an important aspect in increasing production levels in an organization. Actually, division of labor yields multiples than what would have been produced without division of labor. Combinations of the results presented from division of labor are seemingly unachievable if each person carried out the entire process alone. Borrowing from Smith’s example of pin making, it is evident that sometimes production of one person may not even yield one complete production of a pin per day. The efficiency and change brought about by division of labor is amazing. Increasing number of branches within an organization raises the chances of more production. This implies that breaking down a large organization into various stand-alone branches adds efficiency and consequently increased production. Evidently, countries that have adopted division of labor are more productive. Each person in the society has specific tasks and upon bringing the various different tasks together, the total production of the country is great. For instance, areas with huge chunks of land are used specifically for farming and the people around those areas only dwell in