Toyota became the first company to produce over 10 million cars a year.
Toyota's success is attributed to their 'Lean Manufacturing' system.
During the war, Toyota had to be creative due to scarcity of materials.
💡 The turning point for Toyota's Production System came when a visit to a Piggly Wiggly supermarket inspired the idea of 'Just In Time' production.
💡 Toyota eliminated waste in the production process by making smaller numbers of parts and producing them when needed, operating on a tighter budget.
💡 The Toyota Production System was a response to the lack of resources in cash-strapped Japan, where companies could not afford to have excess stock sitting in a warehouse.
Ohno developed 'Kanban' as a scheduling method, which became a precursor to bar codes.
Toyota noticed American car companies' production techniques and implemented improvements.
Toyota emphasized continuous improvement and created a reliable and affordable car brand.
🚗 Toyota's factory efficiencies allowed them to produce a car every 1.6 man hours, appealing to Americans during the oil crises.
🌍 Toyota's 'Lean' principles influenced other industries, such as Boeing and Intel, and even a Canadian Hospital.
🏭 The Toyota Production System revolutionized global car manufacturing and our approach to production.
🚗 Toyota revolutionized the way we manufacture products.
💡 They demonstrated that there is always room for improvement in the manufacturing process.
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