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Essay / Operations and Supply Chain Strategy at Toyota and Amazon
Operations and Supply Chain Strategy at Toyota and AmazonIntroductionThe main objective of business organizations is to remain competitive by providing better services or the best product to satisfy the needs of their customers. All activities focused on satisfying the needs and wants of customers enable a business to thrive well in the competitive local and global market. Companies implement all the important strategies on their operations as well as their supply chain to ensure that they achieve their goals. Strategies help the business organization have achievable long-term goals focused on the future success of the organization. Operational strategy ensures that a company produces or serves quality performance for its customers in a cost-effective manner. To effectively have a successful operational strategy, it is important that the strategy is divided into corporate, commercial and finally functional operations. On the other hand, supply chain strategy allows an organization to generate value across its operations. Supply chain strategy details the step-by-step actions to be taken by an organization in its operations to achieve the desired set goals. This article examines the operational strategy of Toyota Automobile Company and the supply chain strategy of Amazon.com, and how they have helped companies implement their business strategies. the resources it has available to meet customer needs in the market and ensure that the company evaluates customer orders by anticipating stocks and production inventory. In the modern world where technology has developed... middle of paper ... supply chain strategies are essential to achieve the goal of an organization. Amazon and Toyota companies have been identified as successful businesses, operating in almost every part of the world. The companies have distinct operations and supply chain strategies and thus remain competitive in the international market. The most successful is to focus on the main core of business competition, control inventory degradation and reduce their costs while maintaining a high quality product in an efficient process. The advancement and adoption of technology in the operation of these businesses has enabled them to survive and compete in the retail market all over the world. Companies also used an agile approach as well as a lean offering; which ensures that their customers are always served on time and this strengthens their loyalty.