Which of the following statements regarding Toyota's just-in-time production and suppliers is INCORRECT?
A)Around 75% of the final Toyota vehicle is produced by its suppliers.
B)Long-term relationships are established with Toyota suppliers.
C)Toyota work goes to the lowest bidding supplier.
D)Toyota sends engineers to supplier firms to assess and improve their production processes.

Question

Quizplus · Accepted Answer

Toyota's approach to supplier relationships emphasizes long-term partnerships based on mutual trust and benefits. Price is not the sole determining factor for supplier selection, and Toyota does not always choose the lowest bidder. Instead, the company prioritizes supplier reliability, quality, and continuous improvement capabilities.

Which of the Following Statements Regarding Toyota's Just-In-Time Production and Suppliers