Supply Chain Digital Magazine May 2024 | Page 37

TOYOTA
TOP 10

08

Effective

TOYOTA

REVENUE : US $ 307.5BN EMPLOYEES : 375,000 CEO : KŌJI SATŌ FOUNDED : 1937
supply chain management is at the very core of Toyota ’ s operations strategy . Its ‘ supplier partnership philosophy ’ lists the following as being essential to its business relationships : Mutual understanding and trust ; Interlocking structures ; Control systems ; Compatible capabilities ; Information sharing ; Joint improvement activities
Toyota endeavours to work as closely as possible with suppliers during the manufacturing process . Before conducting business transactions , it presents contracts that clearly spell out legal compliance , respect for human rights and environmental considerations .
CREDIT : TOYOTA
Toyota ’ s British-built , hydrogen-fuelled Hilux
Prototype pick-up
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