In the constantly evolving climate of business, technology
is changing the way companies structure their organizations and function in the
market place. A lot of companies are adopting cloud technology and technology
that allows them to see the inventory of their stores in real time. Although,
this emerging technology allows companies to gather large data points on their
customers, a lot of companies are struggling to use the information they
gathered from the data effectively. Management in a lot of these companies say
they hardly have time to actually implement the information they gather from
data or they don’t know how to utilize the data. I think companies need to work
one education programs to teach their staff the importance of the data they
gather and how they can implement what they learn from their data into their
business strategies or supply chains. A growing trend with the implementation
of technology into businesses is that the technology being implemented is
causing more harm than good because people don’t know how to utilize technology
to its full potential.
I think it would be beneficial for companies to adopt the
Toyota approach to their infrastructure and supply chain. I think the Toyota
model is the best method to utilize because it addresses every level of the
company to not only eliminate waste but to also change the mentality of the
staff. I think this is why Toyota has been successful over the years, by having
all their staff contribute to the decision making process, the management at
Toyota can have unique perspectives on how to solve problems and improve upon
their supply chain. Although, this Toyota model is effective very few companies
implement it because it’s difficult to do. Instead a lot of companies just implement
lean and hope this will have the same or similar impact as Toyota. With this
being said, I wonder if implementing a Toyota model will help companies find
better ways to integrate technology into their supply chain and infrastructure?
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