Latest / The Operations Podcast with Fexingo: Process, People, and Profit in Modern Business
How Toyota Turned the Prius Into a Production Breakthrough
Lucas and Luna dive into the operational story behind the Toyota Prius — not the hybrid technology, but how Toyota rebuilt its entire supply chain and production system to make it viable. In the late 1990s, Toyota faced a massive challenge: the Prius needed new components like nickel-metal hydride batteries, inverters, and electric motors that didn't exist in its supplier network. They had to co-develop parts, redesign factories, and train thousands of workers, all while keeping costs under control. Lucas explains how Toyota used a principle called 'set-based concurrent…
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