"Would you make a video about this question: How does Toyota select the suppliers and find the best?" I received this video request. However, this episode will actually look at "How to nurture suppliers" rather than “How to select suppliers". Toyota is an automobile manufacturing company, but in fact it purchases most parts and assembles them. So, the price and quality of the finished products are largely dependent on the result of purchasing prices and quality. In 1937, soon after Toyota was founded, incoming-President Kiichiro Toyoda made a "Purchasing Guideline Policy" consisting of 14 articles, and Toyota is continuing in that spirit even now. Since the answer to today's question is in Article 4, this video will talk about it. Toyota has been establishing good trust relationships with their partner companies, and has continued its strategy to learn and grow together since its founding. From a Japanese word, we call the strategy, the 'KEIRETSU' Strategy.
(Process Improvement Methodology for Service Operations, PMP, Project Management, Lean Six Sigma, Japan, Six Sigma, Excel, VBA: Episode 109)
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