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Toyota is renowned for its Lean manufacturing principles. Requirements: Calculate the Overall Equipment Effectiveness (OEE) for a Toyota assembly line that operates 24/7. The line

  • Toyota is renowned for its Lean manufacturing principles.
  • Requirements:
    • Calculate the Overall Equipment Effectiveness (OEE) for a Toyota assembly line that operates 24/7. The line has an availability of 85%, performance efficiency of 90%, and quality rate of 95%.
    • Recommend actions to improve OEE.
    • Justify how improving OEE aligns with Toyota's Lean manufacturing principles.
    • Discuss how OEE impacts the financial health reflected in Toyota's balance sheet.

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