Read Insert 1 below and answer ALL the questions that follow: Toyota will invest 240m in...

    

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Read Insert 1 below and answer ALL the questions that follow: Toyota will invest 240m in its Burnaston plant near Derby, the manufacturer announced, in a show of commitment to manufacturing in the UK after the country's departure from the EU. The Japanese automaker said its investment would allow it to build vehicles on a new platform and promote the use of locally-built components, while the government's grant would go towards researching, developing and enhancing the plant's environmental performance. "Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK." According to the Financial Times, around three quarters of the cars Toyota produces at its Bumaston plant- currently, the Auris hatchback and family Avensis car-are exported to the EU, while the company is also heavily dependent on the single market for components that go into its vehicles. Johan van Zyl, president and CEO of Toyota Motor Europe, told the Economic Times that the investment was a sign of confidence in the UK's auto sector but warned that tariff-free access to the European single market would be crucial after it leaves the EU. "At the moment the main UK producers have supply chains which cross the channel a number of times, and this is especially true of the Japanese car manufacturers.," he said. Read Insert 1 below and answer ALL the questions that follow: Toyota will invest 240m in its Burnaston plant near Derby, the manufacturer announced, in a show of commitment to manufacturing in the UK after the country's departure from the EU. The Japanese automaker said its investment would allow it to build vehicles on a new platform and promote the use of locally-built components, while the government's grant would go towards researching, developing and enhancing the plant's environmental performance. "Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK." According to the Financial Times, around three quarters of the cars Toyota produces at its Bumaston plant- currently, the Auris hatchback and family Avensis car-are exported to the EU, while the company is also heavily dependent on the single market for components that go into its vehicles. Johan van Zyl, president and CEO of Toyota Motor Europe, told the Economic Times that the investment was a sign of confidence in the UK's auto sector but warned that tariff-free access to the European single market would be crucial after it leaves the EU. "At the moment the main UK producers have supply chains which cross the channel a number of times, and this is especially true of the Japanese car manufacturers.," he said.

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1 Definition of Supply Chain Management for Toyota Supply chain management for Toyota refers to the systematic planning coordination and optimization of all processes activities and resources involved ... View the full answer