How did Toyota beat FORD & GM using its GENIUS Supply Chain Model?
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Video Introduction:
Toyota is one of the most extraordinary companies in the world! and the attribute that makes it so incredible is the fact that Toyota was a company that literally had every possible obstacle for failure and yet Toyota has emerged as the largest automobile manufacturer in the world!
1. Japan being such a small country had very few natural resources and very little population. So both raw material and labor were extremely costly!
2. Japan is a land of Natural disasters where earthquakes and tsunami are frequent and could destroy your plants within a minute!
3. When Toyota was just 2 years into their business, world war 2 happened, where bombs were dropping from the sky, where let alone business even survival was a luxury!
4. After the Hiroshima Nagasaki bombing and world war 2 Japan’s economy was in complete ruins, 5. With all odds against them, it was in direct competition with the Giants of the United States like General Motors and Ford Motors!
And yet, Toyota has emerged as such a successful automobile company that in 2008 it even became the largest car manufacturer in the world! How? This video will answer the question!
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STUDY MATERIAL:
1. Toyota flow analysis
drive.google.com/file/d/15aUZ...
2. Toyota Innovation timeline
drive.google.com/file/d/15eh_...
3. Toyota research paper
drive.google.com/file/d/15pU5...
4. Toyota Way Fieldbook
The Toyota Way Fieldbook www.amazon.in/dp/0070610886/r...
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Time stamps:
0:00 Intro
1:31 Sponsor
2:24 Toyota Crisis
10:54 Lessons
12:41 Study materials
Animation Credits : Gauravrooki@gmail.com
Thumbnail by : nethulajangaiah@gmail.com
#toyata #justintime #toyatavsford #thinkschool
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I am becoming a big fan of your research work brother. Awesome content. A lot to learn from you.❤
I bought u r master class , but I didn't get login credentials.
Sir aap market ki strategies samajhte ho lekin phir bhi aap indian audience ke liye hindi videos kyo nhi laate usse aapki audience mei bhut growth aa sakti hai Mujhe toh english aati hai lekin bhut kam log hote hai jo itni fluent english samajh paate hai.....
Wooahhh Man... Commendable work you guyss are doing 👏👏 further would like see a detailed video on today's major advertising models used my various huge firms!!! Will be eagerly waiting!! Till then good luck and keep growing 🙃
Hi, Duolingo is not just a language learning app. It has an amazing business model hiding behind it. The developer of this app is the same person who developed captcha block. You should do a separate video on that
"But you know what guys" has became has iconic line 🔥🔥
How come bro.?
@@merabharatpost3246 Mera bharat mein hum only non essential items banate Like tyres Made in India is only a slogan one of the many slogans of our dear PM
I am also a teacher and I have given Toyota's example several times in my class while teaching JIT, but your convincing power, presentation skill and precision is superb!!
Hii gourav from where do you get to know about this case study of Toyota ? tnx in advance 😀
@@007DEVESH advance leke sab bhaag jaate hai
Apple uses JIT
I’m a CA student Have these topics in my syllabus, but never understood these topics during my classes. Excited for next video On kaizen, kanban card
which classes are your studying from?
Really, the way ganesh sir explain helped a lot while studing scmpe.... Thankyou so much sir....plzz bring more vedios..😀😀
@@shambhvilokre Maze leke parho, that's what matters. There are enough books and classes to refer to. :)
Ganesh sir is the nxt Anand Kumar to be.... Truly I have studied JIT but never understood
In CA fraternity, I think Satish jalan sir makes this particular subject most interesting.
There is a famous quote (somewhat dubiously) attributed to Henry Ford: “If I had asked people what they wanted, they would have said faster horses.” Customers can easily describe a problem they're having - in this case, wanting to get somewhere faster - but not the best solution.
kzhead.info/sun/m52rfsdqo4ijgX0/bejne.html
This is from book start with why
There are 8 major wastes (Mudas In Japanese) D - Defects O - Overproduction W - Waiting N - Not utilizing Talent T - Transport I - Inventory M - Motion E - Extra processing
Downtime
@@pranshu2op yeah that's how we remember them easily
@@muralisai880 sort of, but not exactly. 6 sigma works on defects/ variation on the other hand lean works on wasta which I have mentioned earlier
kzhead.info/sun/m52rfsdqo4ijgX0/bejne.html
Studied this in Industrial Engineering paper...
I am 14 years old. But this is more interesting then my schooling.
If you are going to do engineering, go for Industrial Engineering we do these things mentioned in the video every day😊
School college's are trap u can learn from ppl like think school better than any school
Our education system doesn't teaches us these things, we have to learn ourselves
if u r interested no matter whether u r 14 or 41
Bhai ye dekhke mechanical/ industrial engineering mat jana. Job hi nahi hai ache waha
Just one thing to comment to your work " I am speechless". Wow Ganesh! You are amazing. ❤️❤️❤️
I can understand Toyota's JIT more than anyone else. In the year April 2011, my Dad ordered a Toyota Innova directly through the dealer. It was the year that Japan was struck by a Tsunami. The car (back then) was imported part-by-part, and then assembled in Bidadi plant, only as per the number of orders received and not by predicting future orders! I am always a hardcore fan of Toyota, and this video has made me rely on them until and unless the heavy tax system of India does not close their business forever! ❤️
Toyota is largest Japanese company in the market capitalization
As far as I know Nintendo took over this title just after pandamic.
As per Market capatalization.....seriously.......suzuki motors ka naam suna hai ya fir maruti sukuzi ka....
@@_Parth_Rathod_ No its Toyota
@@mars_z7851 abe i am working in toyota, its maruti suzuki aka suzuki motors having highest market capitalisation.
@@mars_z7851 Sorry Someone just misinformed me.
As someone who works in Supply Chain, I can tell you that Toyota's just in time strategy is imitated, but never replicated properly.... The difference is that Toyota identifies "critical SKUs" that they cannot run out of stock on. They buy these items in bulk and hold loads of inventory of these critical parts so that when there is a disruption (like a global pandemic) things don't come grinding to a hault.
Thanks a lot..was about to comment about this gap but you helped me clarify..:)
i dont know where this guy gathers the information. But the way he gathers and presents here in this video is jaw dropping. Really learnt so much from him. Thanks bro and we are expecting more from you....
They created the legendary LFA, that's enough to show how great Toyota is.
The best sounding car in the world !!!! LFAs V10 built by Yamaha
It is so good that the people who made it cannot make it again.
@@mohammedsayeed1081 not build by yamaha but intake manifold was designed by yamaha to the lfa's superior sound
Thank you Think School for covering Toyota! I learnt JIT when I was trusted to manage my family business 3 years ago. This system really helped my company a lot even though my company is a distributor not a manufacturer. It freed up a big portion of our capital to be used on other things. I hope you will grow bigger because your videos are helping a lot of businesses. Amazing!
Toyota’s reliability is still the key to their success and thats why people who dont want much of stress in automobiles opt for toyota as it is one of the best in terms of reliability and trust. Thats my research done on toyota in real life aspects
Yeah and that is the only reason they can sell overpriced products just because of its reliability
yeah that's why they are selling maruti products
@@rajeshsharma6123 but with a variation they sell their policy of reliability with it having a good warranty package with those maruti/toyota cars….
And still some people don't understand the meaning of high reliability...when they get stranded at a deserted place with family like it happened with Land Rover n some local cars.....they had to be rescued after many hours with other brands.
@@aanshsinghania7780 some local shit cars r overhyped, overpriced , n not worth too
thanks for the study material that you provided in the description section
Oh my god ... I have been waiting for you to make video on Lean Management and Toyota Production System .... Thank you so so much... Please do share more videos on these topics ... And some case studies... Thank you so much 🙏🏻
Thank you for the great video and sharing all your research material 🙏🙏🙏
Hi, You’re doing an amazing job. You’re videos are so good. And I’ve a suggestion, if it’s good, consider implementing or if not leave it. The suggestion is, like how you’re telling so many success stories, similarly tell failure stories of companies too, it would also be a great lesson. Failure stories of particular decisions of a company or the failure and shutdown of an entire company too. I feel this would also help upcoming entrepreneurs. Thank you.
This is one of the best KZhead channels I ever came across. Please keep up the good work 👏🏻
This was one of the best case studies.... Loved it..... Keep up the good work :)
Thank you Team Think School... Your videos are always THE BEST to learn.
Now the voice and energy is perfect💯 thankx buddy
Love your topics and summaries! They help me a lot in understanding the issue holistically! Keep going
I like the way you says Guys... Very well researched and articulated
Priceless video... thank you😊
This information will help me in my report. Thank You so much!👍 Kaizen - that's the only way to excel🙏
Thank you Ganesh for covering the concept of Lean and for the case study material. Waiting for the next video.
Your case study is very valuable ... Love watching it .
Thank you so much for these videos and your consistency
Your easy explanation feels like you are someone insider to the the company 🙌 Great work.
Please keep such high quality content coming on regular basis for a very long time; Highly appreciate your efforts
I have become your huge fan. Not a business oriented person, but it always fascinates me that how exactly all this works. And the info you give out is amazing. And with this JIT , it was like saying, get fresh vegetables when the order is placed rather than stocking them in fridge and spending on electricity bill, investing on veggies and yeah, serving tasteless food at the end and getting horrible reviews by customers 🤣
I think that the JIT process can only be applied in the first two or three years of a startup as at that time entrepreneurs don't have much capital to invest on bulk supplies, so it will help them to save their capital as well as the labor and the time.
No, JIT requires certain level of influence over the supplier to sync systems and processes. That can not be gained in starting years of a business.
@@sherryasd exactly. There is a reason why orders are placed in bulk. I wonder how Toyota managed to order parts without bulk discount and still kept the prices similar to the competition
through contracts/ partnerships (SRM) with clearly defined service levels. When suppliers will have visibility of customer requirement, they will be in better position to make their supply chain efficient and lean.
@@sherryasd Sir, I am a freshie so I can be wrong. Your answer seems to be correct, then can the JIT process be applied at the time when the company is suffering from a huge loss of customers???
@@sherryasd Thank You so much Sir, I got your point.
Very informative and inspiring! ❤️
We need young energetic and enthusiastic teachers like you...great video as always 💜
Hands down to you for making these informational videos 🙌
Looking forward to watch case study of puma from you . Your explanation is amazing
thank you so so much. this is more insightful than a 3 credit MBA Subject. Please keep doing the great work!
This is like an MBA class. Very interesting and helpful. Thank you.
Thank you so much. Really appreciate your work 😀
🙏 Definitely we learned a lot... Thanks to you and your entire team.
Another amazing analysis and great study materials... Your video quality never drop...
This is a very well explained video. Good job team!
THANK you for your informative video and research paper
Toyota is just amazing! Revolutionised the supply chain process. 😃 and hats off to Ganesh who presented this in such an easy way.
Thank you guys for such videos
Great point in today's video I learned market stratigies differs from place to place
Keep up the good work bro...always amazed after seeing ur great videos on such unique topics!!!!
Wonderful video brother.. keep up ur good work of spreading knowledge.. ❤️❤️
Your content&analysis are super bro
Wow ! What an insight... thank you so much 👌🏼👌🏼👌🏼👍👍
what a fabulous case study !! just love it as usual :))
Have seen this channel growing from 20k .... simply outstanding 👏 👌
Superb explanation. Cheers 🥂
I always goosebumps in your content, please upload valuable content forever!
Great work. Love your content
Excellent Case Study & explanation.
Amaizing .. I always look forward to your videos.
Excellent presentation bro!👍
Thank you for study materials!!
The humility with which you speak is priceless hats off ganesh sir
Woow.. this is the one of the best vedeo u have ever made.. thank u.💐
This is one of the best channel I discovered ❤
Your case studies are just amazing
Every video of yours is gold !!!
your explanation is awesome
good research presentation , i didn't thought that you do this must research for a one video , we are learning and you do learning. inspiring, keep up bro. thanks.
This is what Efficient SUPPLY CHAIN MANAGMENT. I learnt This exact (ford vs toyota) example 2 weeks back on NPTEL Supply chain Analyst... A very good video Thank you for Well Explanation
Hi Ganesh ,you n your team is doing a brilliant job..this kind of case studies are been taught at all management schools..but the way you are explaining it is what makes your channel much ahead of others...kudos to you guys ..!
Hey there, I used your video extensively for my assignment of Design thinking used by Toyota My teacher really liked it Thank you so much for this video
This channel is a pure goldmine!!!!!
Toyota cars are more reliable than any other brand that's why Innova and Fortuner is still the best sellers on their segments 💪
Oh fuck off, Indian market is whole different thing, that doesn't work that way, people are prejudice, they don't use their brain before buying a car
@@surajprakhar3078 True, the only people truly happy with Toyota are mounting heavy machine gun on it.
@@surajprakhar3078 In India people buy that car which everyone buying. (Creta, Swift)
@@Mukesh_Rana._ yes that is what I am saying, they don't use their own brain generally
UN uses land cruisers to deliver vaccines in Africa. They used to have land rover defenders and jeeps but they stopped using defenders even though defenders are cheaper than land cruisers, in the toughest areas of the world where people actually need regular off roading like war zones and third world countries with no roads, people use Toyota not Ford or Chevy.
Great content bro really liked it👍👍
“When Congress passes new emission standards, we hire 50 more engineers and GM hires 50 more lawyers.” -Soichiro Honda. Honda story is also interesting.
Hire efficient 25 engineers and 25 lawyers
Inventory forecasting only happens in business where there is huge capital business with less capital are by default working on JIT method... thankyou sir... for making us understand allthis..
Amazing Ganesh. Your case studies are both insightful and inspirational
Bro you are just nailing it🔥. No doubt just keep it up! Will be there always ❤️ hope we meet someday. Appreciate your hardwork and efforts. Best wishes 🤝
Brother your avaiation video was very helpful for me. I was able to gather data for my reasearch paper.
Another great presentation.The crux of the whole thing is INNOVATION & QUALITY of the product.The ultimate sufferer & benefactor will be the people at large by way of cheaper products & at the same time heavy loss of jobs.
I am pursuing CA- Final and will start a business soon. I am totally addicted to your channel, You are saving a lot of time with your wonderful presentations.To acquire this vast knowledge i would have to spent lots of reading hours...Thanks. Definitely will consider taking all your courses.
Absolutely superb.....Fan of you dude....power of explanation is so great
Actually I'm a Chartered Accountant. I had a subject in my final course Strategic Cost Management and Performance Evaluation (SCMPE). Just in Time, Kaizen, Kanban system ,5S principles ,cellular manufacturing, etc.. were there in my syllabus and I enjoyed these concepts by practical study . Thanks to Think School for bringing awareness regarding these concepts.
So informative!
Each video is so awesome, not a single video disappoints at all
Well made video.. thanks for this data
Very nice video. And thank you for the links.
Superb information and explained thoroughly 👌👏🎉
I repeatedly watching this video. Thanks for the content bro.
Appreciate your work
Many thanks💙
You are doing a great work man
Great work 👏👏
Such a Ultimate Insight !! I always adore ur knowledge regardless of all the content you post in reference to management case studies. I should always say, you have got powerful vocabulary & communnication and I am improving myself bcos of you, my dear bro. I suggest you to post a video about the emergence of ROLLS-ROYCE company.
Another very insightful video, how do you make so amazing content. Toyota today comes in the world's top 10 companies with the largest market caps. great Video.
Great explanation, as always
I am glad, youtube recommended me thinkschool video one day. from that day onwards i always cherish the learnings. If thinkschool team is reading this, I would like to be a part of this community and learn more and if possible, could add value to this initiative.
As usual amazing content!
Arigato! What an amazing lesson. Enjoy your videos and learn from them too.
GREAT EFFORTS,WORK,EDITING.ABSOLUTELY PERFECT.HOW DO YOU EDIT YOUR VIDEOS?