Jim Matheson Toyota Quotations

The process needs low cost and quality, and Toyota is a role model example of how to use cost and quality to get on the playing field.

Instead of building and maintaining collaborative supplier strategies, Toyota's U.S. competitors seem to be on a different, riskier path. The danger is that innovation suffers when supplier relationships hinge only on cost-cutting demand. Toyota recognizes that fulfilling the enterprise potential of TPS requires a substantial cultural shift toward collaboration and continuous improvement, both internally and externally. The changes have to permeate senior management thinking.