The Honda Company was founded by Soichiro Honda . Soichiro Honda was a racer, a businessman, and a manufacturer. But most of all he was a dreamer. He dreamed of a better way of making piston rings, founded a small company, and began production. He dreamed of giving people everywhere an economical form of transportation, and began producing small motorcycles, including one built in 1949 called the D-Type Dream. Soichiro Honda started Honda Motor Company in 1948, at the age of 41.
Honda of America Mfg. has been committed to building quality products for their customers and quality communities where their associates live and work. Their Fundamental Beliefs are Respect for the Individual and The Three Joys. The three joys are Joy of Buying, The Joy of Selling and The Joy of Creating which express Honda’s belief and desire that each person working in, or coming into contact with the company, directly or through or products, should share a sense of joy through that experience.
Hondas company principle is “Maintaining a global viewpoint, we are dedicated to supplying products of the highest quality, yet at a reasonable price, for worldwide customer satisfaction. ” Honda Management Policies are Proceed always with ambition and youthfulness, Respect sound theory, develop fresh ideas and make the most effective use of time. Also Enjoy your work, and encourage open communications, Strive constantly for a harmonious flow of work, Be ever mindful of the value of research and endeavor. Honda follows a philosophy they call “The Racing Spirit”.
The Term Paper on Honda Motor Company
Honda Motor Company, Ltd. (Honda), incorporated on September 24, 1948, develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. The Company’s business segments are the motorcycle business, automobile business, financial services business, and power product and other businesses. Honda conducts its operations ...
This philosophy is summarized by Seek the Challenge, Being ready on Time, Teamwork, Quick Response, and Winner Takes All. Honda seeks to minimize waste throughout the entire manufacturing process. This starts with designing production processes, parts logistics, energy management systems and other operations in ways to reduce their impact on the environment. Improving the energy efficiency of Honda factories is the single biggest focus to reduce the environmental impact of its manufacturing operations. As a result, Honda plants are leaders in reducing CO2 and other greenhouse gases.
Honda views solid waste generated in their factories as the inefficient use of raw materials. From this perspective, Honda has established a waste management hierarchy at its manufacturing operations with the ideal of producing no downstream waste. The Toyoda Automatic Loom company was founded by Sakichi Toyoda, a prolific inventor, based on his groundbreaking designs. Toyota has a production system which is steeped in the philosophy of “the complete elimination of all waste” imbuing all aspects of production in pursuit of the most efficient methods.
Toyota Motor Corporation’s vehicle production system is a way of making things that is sometimes referred to as a lean manufacturing system or a Just-in-Time system, and has come to be well known and studied worldwide. This production control system has been established based on many years of continuous improvements. Based on the basic philosophies of jidoka and Just-in-Time, the TPS can efficiently and quickly produce vehicles of sound quality, one at a time, that fully satisfy customer requirements.
The concept of jidoka is Highlighting or visualization of problems which is basically the idea that quality must be built in during the manufacturing process. The Just-In-Time concept is basically productivity improvement which means making only what is needed, when it is needed, and in the amount needed. Toyota has seven guiding principles. The first principle is honor the language and spirit of the law of every nation and undertakes open and fair business activities to be a good corporate citizen of the world.
The Essay on Analysis of Two Commodity Markovian Inventory System with Lead Time
These systems unlike those dealing with single commodity, involve more complexities in the reordering procedures. In the modelling of such systems, initially models were proposed with independently established reorder points. But in situations where several products compete for common storage space or share the same transport facility or are procured from the same source, the above method ...
The second principle is respect the culture and customs of every nation and contribute to economic and social development through corporate activities in their respective communities. The third principle is Dedicate our business to providing clean and safe products and to enhancing the quality of life everywhere through all of our activities. the forth principle is Create and develop advanced technologies and provide outstanding products and services that fulfill the needs of customers worldwide.
The fifth principle is Foster a corporate culture that enhances both individual creativity and the value of teamwork, while honoring mutual trust and respect between labor and management. The sixth principle is pursue growth through harmony with the global community via innovative management. The last principle is Work with business partners in research and manufacture to achieve stable, long-term growth and mutual benefits, while keeping ourselves open to new partnerships. Toyotas has for Action Guidelines. The first guideline is take on the challenge of achieving zero emissions at all stages.
The second guideline is Business partners are partners in creating a better environment, Cooperate with associated companies. The third guideline is As a member of society actively participate in social actions. The last guideline is toward better understanding actively disclose information and promote environmental awareness. The four basic policies are contribution toward a prosperous 21st century society, pursue all possible environmental technologies, develop a voluntary improvement plan, and build close and cooperative relationships with a wide spectrum of individuals and organizations
