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1-Page Summary of The Machine That Changed The World
A famous ad slogan from the 1990s was “The car in front is a Toyota.” The company has been known for its quality products and innovation, which continue to be valued worldwide. One of the reasons for this success is the legendary production system called TPS (Toyota Production System), also referred to as lean production, which has since been adopted by other industries such as design, programming and start-up management.
These key points give you the inside scoop on how lean production came to be and explain in detail how this system helped skyrocket Toyota to global success.
In this article, you’ll also learn that Toyota runs out of stock on purpose and why every Toyota employee can stop a production line. You’ll also find out why other car companies don’t like to fix their mistakes.
Big Idea #1: From the “horseless carriage” to the modern assembly line, the automobile industry has evolved.
The automobile industry has changed a lot since Karl Benz patented the first car in 1886.
The automobile industry is the largest manufacturing activity in the world. It has been that way for a long time and it’s due to craft production, which means that carmakers customize cars for customers. However, this was slow and expensive, so few people could afford cars; only 1,000 were produced yearly.
Today, only luxury cars are produced via craft production. In general, the industry has moved to mass production. Inspired by Henry Ford, this change came about at the end of the twentieth century.
Henry Ford sought to make cars faster and easier to produce. He realized that by separating the car into parts, he could make production more efficient.