If you think the Honda Insight is the only thing that is making Honda hot these days, check the studies and records. It seems that Honda has scored another feather to its cap by being the preferred Supplier Working Relations.
Since 2002, Toyota has been lording it over as the best in the automaker circle. But apparently, Honda has been busy working on all aspects of its operation, including supplier working relations which is probably the reason for overtaking Toyota Motors this time around.
“Toyota supplier relations have lost significant ground in the last two years and it has slipped out of first place in our Study – a position it held since we started measuring the supplier working relations of the six automakers in 2002 with our Working Relations Index. Suppliers suggest a potential reason for this drop is a younger, less experienced staff in Toyota’s purchasing group for whom the ‘Toyota Way’ is not yet the way of doing things.”
Is Toyota slipping or are they just playing it safe? Remember, Toyota reported a first ever loss earlier this year and it seems that their fortunes are falling one after another. What could possibly be next?
(Source) Press
Tags: automakers, fortunes, Honda, honda insight, preferred supplier, purchasing group, Toyota, toyota motors, toyota way