Toyota: Always holds semiconductor inventory for 1 to 4 months: Lessons learned from the Great East Japan Earthquake
-There is no reduction in production due to a shortage of semiconductors-
-“Lessons of 3.11” that Toyota made use of-
In contrast to Honda and Nissan, Toyota Motor Co., Ltd. has shown its strength in procurement.
February 10th Q3 Financial Results:
The outlook for consolidated operating income (international accounting standards) for the full year ending March 2021 has been raised.
From the initial forecast of 500 billion yen
Make a second upward revision,
It was set at 2 trillion yen (down 17% from the previous year).
Global sales are expected to reach 9.73 million units for the full year.
From the interim financial results forecast, the number has been increased by more than 300,000.
Lessons from the Great East Japan Earthquake:
Toyota can now add more sales plans in the face of a global semiconductor shortage.
The Great East Japan Earthquake will soon reach its 10th anniversary.
“Toyota’s efforts to strengthen procurement capabilities” have come to fruition.
Supply chain information system:
Toyota was forced to significantly reduce production due to a delay in the supply of parts due to the Great East Japan Earthquake.
Therefore, in 2013, launched the supply chain information system “Rescue”.
Increased inventory of semiconductors:
For each automobile member
Including secondary and tertiary suppliers in the supply chain,
Intricately intertwined supply chains
can always visualize where the supply risk is.
In particular, for semiconductors, “We always kept inventories for 1 to 4 months.”
Collaboration with suppliers:
We communicate closely and thoroughly collaborate on production plans.
Monthly, weekly, daily,
Not to mention the primary supplier
Including semiconductor manufacturers
At the Procurement Headquarters, a conference call 10 times a day (with the supplier).
Semiconductor shortage body blow:
A shortage of semiconductors struck after the corona wreck.
With the progress of CASE (autonomous driving, sharing, electrification), the “semiconductor usage per vehicle” will increase further.
“Promoting supply chain reforms in line with the speed of technological progress” has become apparent as a common issue for the automobile industry.
Nihon Keizai Shimbun
https://www.nikkei.com/article/DGXZQOFK124X70S1A210C2000000/
US GM extends production suspension at three North American factories until mid-March due to semiconductor shortage | Reuters
https://jp.reuters.com/article/gm-semiconductors-idJPKBN2A935O
Concerns about impact on North American automobile industry due to shortage of semiconductor supply, some production suspension (Canada, US, Mexico) | –JETRO
https://www.jetro.go.jp/biznews/2021/02/5d0be2bee65c5961.html