Just-in-time is the production of goods to meet customer’s demands on time, in quality, and quality liable with the customer’s requirements. Lean is a systematic way of waste minimization in a manufacturing system without sacrificing productivity. Toyota production system organizes manufacturing and logistics for the automobile manufacturers including interactions with the suppliers and consumers. These three theories are related to each other because they deal with manufacturing and production of goods and also communication between the suppliers and customers (Wilkinson, 2013). The advantages of Just in time comprise of reducing waiting time and transport costs, saving of resources by streamlining production systems, and decreasing of products defects. Also, just-in-time is useful to Nissan Company because it improves the company’s revenue and production capacity. The disadvantages of Just-in-time include lack of control over time and production can be halted if the flow of goods to the company by suppliers is interfered with.
Lean manufacturing has various advantages that include the use of minimum infrastructure, building stronger customer relationships, and has limited waste. Lean manufacturing system can be useful to the Nissan Company as it provides an efficient approach to the customers, therefore, forming a market for their products. This system also has disadvantages which comprise labor failure and missed deliveries (Wilkinson, 2013). These can limit the Nissan Company from reaching its customer’s demands. On the other hand, Toyota Production system has various advantages which are less movement of labor which leads to the reduced amount of time in production, reduction of waste, and provision of quality goods. Also, Toyota production system increases efficiency and productivity, increases space, and is more accurate and also provides reliable information (Wilkinson, 2013). As such, the Toyota Production System is useful to the Nissan Company because productivity levels can be checked and run efficiently without faults. This system also has disadvantages which include, it is expensive to implement and has high supply problems. These problems can hinder Nissan Company from performing its production.
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The triple bottom line is defined as an accounting framework that incorporates three dimensions of performance which includes social, economic, and environmental. The triple bottom line dimension of production is also called the triple Ps, that is, people, planet, and profits (Slaper & Hall, 2011). This approach can be used to boost operations at Nissan by incorporating the 3 Ps in its procedures. The first aspect is the people, which entail the social feature that seeks to provide security and safety to the society by providing employment and education. The second pillar is the planet which stands for the environment which helps the organizations to improve the recycling of waste material, and making sure that the public transport is made more accessible (Slaper & Hall, 2011). Lastly, profit is the economic feature which guarantees that reinforces personal income and organizational revenues and also provides a counterweight to extreme measures that corporations are sometimes pushed to adopt. Besides, the triple bottom line also increases employee productivity which leads to high revenue. It also reduces energy, waste expenses, and moderates strategic and operational risks in companies. As such, the triple bottom line also increases productivity increased employment and as well as improving the branding image of the company.
ISO 1400 are standards that provide strategies to organizations that manage the environment that they work. The Nissan Motor Company is ISO certified. As depicted by Terziovski, Power, & Sohal (2003) there has been an improvement in the synergy between ISO 9001-2000 and ISO 1400, that is the environmental requirements will set the stage for an organization integration of quality, environmental and other management system goals and objectives. However, the Nissan Company suppliers have to be qualified to be able to supply products that can not cause any harm to the customers and also the environment. On the other hand, if the company has a suitable environment for marketing strategies, then it supports the organization to develop its brand image and also to grow financially. Therefore, it would be important for Nissan Company to take on proper environmental marketing tactics that would expand routines in the market.
A company can integrate corporate social responsibilities principles into their operations in various ways. There are various ideas regarding corporate responsibilities principles. Firstly, is by encouraging companies not to incur harm to the society and the environment ( Timbers, 2010). Secondly, is inspiring corporations to use their market power to solve their current social issue that they can. Thirdly, is partnering with experts to establish a high-degree of credibility. The fourth principle is the quality and the depth of information where the customers, employees, and stakeholders require information about the social issues through comprehensive research (Allen, 2011) . Another principle is having a clear theory of change which it proves the value of the business.
The Triple bottom line is also another principle which measures a company’s full economic value which makes up the corporate responsibility. However, in my opinion, I believe that the implementation of the triple bottom line, partnering with other organizations, and standardization are the most effective methods of integrating corporate responsibility principles. Consequently, the triple bottom line incorporates different heights of organizational performance which include the economic, social, and environmental features. On the other hand, standardization is useful since the company can to apply other international standards such as ISO 14000 and ISO 9001, which can be integrated into the organization’s processes. Lastly, the Nissan Company should consider a partnership with other companies with the aim of introducing public-private projects that will provide suitable corporate principles.
References
Allen, F.E. (2011, August 9). The five elements of the best CSR programs . Retrieved from https://www.forbes.com/sites/csr/2011/04/26/the-five-elements-of-the-best-csr- programs/#5f1057c04bd5
Slaper, T. F., & Hall, T. J. (2011). The triple bottom line: What is it and how does it work. Indiana business review , 86 (1), 4-8.
Terziovski, M., Power, D., & Sohal, A. S. (2003). The longitudinal effects of the ISO 9000 certification process on business performance. European Journal of operational research , 146 (3), 580-595.
Timbers, A. (2010, February 9). Top three corporate social responsibility (CSR) principles to live by . Retrieved from http://justmeans.com/blogs/top-three-corporate-social- responsiblity-csr-principles-to-live-by
Wilkinson J. (2018, September 17). J ust in Time Inventory System Advantages and Disadvantages . Retrieved from https://strategiccfo.com/just-in-time-inventory-syste
