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Toyota is widely recognized as a leader in supply chain management and has been at the forefront of several key innovations in this field.
Here are some ways that Toyota has improved its supply chain:
#internalaudit
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Here are some ways that Toyota has improved its supply chain:
#internalaudit
Thread 🧵
- Just-In-Time (JIT) Inventory Management: Toyota developed the JIT philosophy, which emphasizes the efficient use of resources by only producing what is needed, when it is needed.
This approach helped Toyota to minimize the amount of inventory it needed to hold and reduce waste, while also ensuring that it could quickly respond to customer demand.
#Incident reporting should follow & precede #riskmanagement?
The two are slightly different areas of specialization
in the office environment.
It is akin to the debate between #reliability and #safety.
Both are contrasting concepts in organizational #resilience studies.
The two are slightly different areas of specialization
in the office environment.
It is akin to the debate between #reliability and #safety.
Both are contrasting concepts in organizational #resilience studies.
They are certain leading businesses including big banks that have separated incident reporting desks from risk management co-ordination cells.
Actually, incidents are events which require an eye and a taxonomy for recognition.
Coding outcome events into loss database is essential
Actually, incidents are events which require an eye and a taxonomy for recognition.
Coding outcome events into loss database is essential
The most difficult area in financial risk management was the coding of operational risk incidents or potential events having adverse negative probabilistic outcomes, which can yield material quantifiable losses in the financial statements.
@BIS_org changed the AMA RiskMetrics
@BIS_org changed the AMA RiskMetrics
