Toyota Essay Example | Topics and Well Written Essays - 500 words

Toyota - Essay ExampleHowever, the suppliers competency is one of the current gigantic shape objectives of the Toyota (Helping Suppliers Compete). The TMC believes that the steady and long term relationship with suppliers would be beneficial for the come with to mother mutual benefits through mutual trust. The company has also formulated specific strategies to augment the competitiveness of its suppliers in the auto-manufacturing marketplace. For instance, as reported (in Helping suppliers compete), the companys annual purchasing policy sets current annual performance expectations for customers in some specific areas such as quality, delivery, cost, and supplier diversity and in addition, the company dispatches experts to work with suppliers when they struggle to meet their annual expectations. Mitigation of environmental impact of automobiles is another long term objective of the company (our stance on biofuels). Nowadays, consumers are increasingly concerned about the issues standardized global warming and green gas emissions. It has been identified that fuel combustion in vehicles contributes to environmental issues. Therefore, the company has made certain sets of environmental leadership core principles with intent to amplify the future growth.