Question

Identifying various components that are at higher risks and standardizing it.

a. In Toyota's case it was certain parts across Japanese automakers which was considered as a risk for revenue and disruption of production.
b. Toyota is now sourcing of engines and transmissions in the locally.
c. Toyota brought out fix solutions to the affected vehicles which took mass media and online tools for its advantage and also teams to monitor quality issues.

Answer 1

a. Certain parts acquired from Japanese automakers are at lesser risk because the components are standardized.

b. Sourcing engines and transmissions locally is at higher risk as the company has gone toward customization which involves risks and the product will not be standardized.

c. This involves less risk and standardized.

Step-by-step explanation:

The standardized components will create lesser risk to the company. When the company goes towards customization then there will be risk involved in the components as the customers might not accept the customized components and standardized feature might be more appreciated by the customers.