"Pqi: Management Of Suppliers" Case Analysis Purchasing And Supply Management Case Study

666 words - 3 pages

Logan McShane
OSCM 4080 – Case Study
28 February 2019
This case details how two leading companies in the automotive manufacturing industry, Toyota and Honda, develop close-knit and sustainable relationships with their supply base. These two companies have outperformed and outscored their competitors for years due in large part to the strategy they have implemented to build relationships with their most important suppliers. The supplier-partnering hierarchy outlines the major components of this strategy and will be summarized in this paper.
The first step in developing positive relationships is to take the time to gain a detailed understanding of how suppliers operate. By making this investment, Toyota and Honda can ensure that a supplier is the right fit for them from an operations and culture perspective. This also opens the door for the opportunity to share knowledge and improve the supplier’s operations which can benefit both companies going forward.
The next component of this model details the strategy that Toyota and Honda use to fuel competition between suppliers while avoiding the American method of pitting vendors against one another. The keiretsu system involves using a small number of suppliers for each component and encouraging competition at the earliest stages. The case details how Toyota approached several suppliers to design tires for its vehicles. They awarded their business based after extensive testing to the highest scoring suppliers under the condition that quality and performance would not decline over the life of the contract. This is a much healthier way of creating competition as it sets both sides up for long term success.
Another way in which these companies maintain relationships is by closely monitoring and evaluating suppliers’ performance. Honda monitors their critical supply base with monthly scorecards that evaluates them extensively on a wide range of criteria. When suppliers encounter issues and miss their targets, Honda immediately demands that their suppliers, often senior management, determine the root cause of the problem and put the necessary steps in place to solve it. By being...

Other Essays On "PQI: Management of Suppliers" Case Analysis - Purchasing and Supply Management - Case Study

case study on project management - msu - case study

789 words - 4 pages Marketing in BOP Markets 4 Strategies of marketing to low-income people Case Study Sai Prathyusha Gadaeraju Central Michigan University – MKT560 9/30/18 Introduction There are more than two-thirds of the population that earn less than USD 2000 per annum but have more than $5 trillion worth purchasing power (World Bank Report, 2008). This gives great chance for the companies to earn more profits. These propositions are both economically and

BBA102 Report case study business of management - BBA Macquarie university - Case Study

1537 words - 7 pages ………………………..6 Conclusion………………………………………………………………7 Reference List……………………………………………………….….7 INTRODUCTION The success to creating a positive and dynamic environment begins firstly with understanding groups and managing teams. Sir Richard Branson: managing groups and team objectives explore the characteristics of group teams and behaviours, functions and roles of managers and approaches to management. Discussed within this case study involves the argument

Integration and transfer of HR functions using HRIS (84 - 86) - Human Resource Management - Case Study

602 words - 3 pages Case Study #1 1. Well knowing what a champion is regarding leadership and HRM - a die-hard supporter for the idea that wants to work out the logistics of the business. A champion is the best bet for facilitating the introduction of the new HRIS; they have the necessary support and resources needed to begin integration at the company. Honestly speaking yes, because although Jack is an outsider to the company, he came saw that a change was needed

Intro to Health management and policy - unthsc - Case analysis

961 words - 4 pages Hellmann, T., & Puri, M. (2000). The Interaction between Product Market and Financing Strategy: The Role of Venture Capital. Review of Financial Studies,13(4), 959-984. doi:10.1093/rfs/13.4.959 Jackson, S. (2003). Recent Research on Team and Organizational Diversity: SWOT Analysis and Implications. Journal of Management,29(6), 801-830. doi:10.1016/s0149-2063(03)00080-1 Valancy, J. (2007). Recruiting and Retaining the Right Physicians. Family Practice Management 14(9):28-33 Wensing, M. (2015). Implementation science in healthcare: Introduction and perspective. Zeitschrift Für Evidenz, Fortbildung Und Qualität Im Gesundheitswesen,109(2), 97-102. doi:10.1016/j.zefq.2015.02.014

Management essay with case study - Undergraduate - Essay

1420 words - 6 pages that Weber bought to the world which is known as WEBER and BUREAUCRACY. Max Weber considers the structure of offices and management of organizations both public and private. He tries to construct a stereotype of these organizations through the use of a set of characteristics that he deems should be possessed by such groups. Bureaucracy is a personnel and administrative structure of an organization. Business, labour, religious, educational, and

National Cranberry Operations Management - Operations Management - National Cranberry Case Analysis

938 words - 4 pages National Cranberry Case What are your recommendations to NCC on how to deal with their problems? (in terms of starting processing at 7 rather than 11am, the number of bins to convert, the number of dryers to purchase). Assume that drivers are paid $15 per hour and that an average busy day has a continuous arrival rate of berries of 1,500bbs/hr.  (also assume 100% bulking on busy days.) Options table Current scenario The current operating

Stuxnet and U.S. Incident response - Strayer CIS359 Disaster Recovery Management - Case Study 1

706 words - 3 pages Running Head: Case Study 1: Stuxnet and U.S. Incident Response 2 Stuxnet and U.S. Incident Response 2 Case Study 1: Stuxnet and U.S. Incident Response Trevor Terry CIS359 Disaster Recovery Management Professor Kevin Jayne October 21, 2018 The United States

Case Study Report on Information Management Systems - Martni College IMS100 - Case study Report

2088 words - 9 pages Case Study Report IMS100 INformation management Systems Assessment 3 Student Name: Introduction ABC Timber and Hardware are a small chain of hardware stores operating out of 12 branches across the state. The current Information Management System (IMS) requires expert personnel to extract relevant information from the accounting system and therefore requires a longer period of time to progress down the supply chain. As a result, sales

Case analysis HR about cloud companies and its internal communication - city university of seattle - case study

1902 words - 8 pages Livia Tanacova Case analysis Strategic Management of HR 23.02.2018 Company Background International Business Machines, also known as IBM, is multinational technology corporation founded in 1911, in New York. The company was in the past focused on hardware production, however, nowadays it is focused mainly on services. IBM is the only company that can provide a client with cloud and security without subcontractors. The HR issue of IBM ISC in the

A Case Study Analysis

1524 words - 7 pages ZAP!!, A Case Study AnalysisZAP!! needs to be zapped. ZAP!! has a problem that will not go away. ZAP!! management has implemented a new manufacturing quality control system and would like full employee participation. However, not all employees (assemblers) participate in the weekly quality control meetings and those who do are reluctant to address the issues or express their views. ZAP!! management does not want to terminate any of the

Zara Case Study for Marketing Management class. - Lakeland University/Marketing Management - Essay

1139 words - 5 pages than 2000 stores all over the world. 2. One of the largest Spanish retailers in the world. 3. Zara holds a cost-friendly supply chain management, which helps with their operations, manufacturing, and also means they are vertically integrated. 4. Zara has taken their popular brand and applied it online, which has allowed them to gain advantages over their competitors. 5. The company’s products are made at a competitive price, which is huge for

Similar Papers

Case Study Of Com Syst Technologies Management, People And Teams Case Study

3879 words - 16 pages committed to firstly make an analysis about the key topics and secondly recommend techniques and steps for CST in order to achieve objectives such as ensuring the company is well positioned for the future by attracting and retaining the best talent possible, creating a team-based high-performance culture and build employee capability and performance. MGT600 – Managing People & Teams – Case Study 3 Table of Contents 1. Introduction

Sales Force Management Case Study

1696 words - 7 pages customer's side throughout the sales process. The goal of team-selling is establishing enduring profitable relationships between people, product and companies. Team-selling provides a fitting process for sales managers and specialists to work together to serve the customer. "The place and time to use team-selling is when customer solutions is more important than price" (Dalrymple et al 2006).The Case StudyImaginative Staffing Inc. is a temporary services

Assignment Was Provided To Review A Tesco Case Study And Provide A Review Of It. Strategic Management Case Study

1101 words - 5 pages could be exchanged for value goods. While the green stamps are no longer around there are other initiatives that have shown the company in the light of one that values the communities they are in and the consumers they come in contact with. Problem(s) Statement Tesco’s major development over the years but its dismal performance in the international market in recent years and the issues that have plagued the company. Analysis Over the years Tesco

Walmart Case Study Competitive Advantage Strategic Management Case Study Paper

4201 words - 17 pages large truck fleet transportation system and in case of perishables such as groceries are concerned, products are managed by Walmart’s suppliers’ inventory management systems connected directly to the store. Walmart also uses a technique known as “cross docking” whereby finished goods are taken straight from the supplier’s site, sorted, and delivered directly to the store. This leads to a reduction in the handling and storage of finished goods