Hello friends. Today I shall review the book "The Toyota Way" authored by Jeffrey Liker read by me in recent past. The book highlights excellent management principles that focus mainly on lean processes - eliminating wastes and non-value adding systems from the processes. The most amazing part of the book on TPS(Toyota Process System) is that, the efforts to eliminate wastes from the processes are kept not only limited to Toyota itself but are also extended to supplier processes. Toyota management keeps a continuous vigil on the processes of it’s suppliers to ensure JIT(Just In Time) so as to minimize inventories to an almost zero level. TPS emphasizes on conversion of all it’s employees into quality inspectors and efficiency obsessed people. Replacement of new technologies with cost effective cheaper alternatives is also a feature of TPS. Hence, it is not at all astonishing about how Toyota can assemble and manufacture defectless vehicles with minimum inventory and floor space with respect to it’s competitors.
So friends, in my opinion, The Toyota Way is an advocate of lean processes and preaches management principles that are epitomes of elimination methodologies of wastes from processes under concern.