Over the years, Toyota Motor Company has been able to adapt to the trends in demand and the changing climate of the economy by not burdening themselves with the increased carrying costs of storing finished goods or wasting precious resources on unnecessary production. Toyota Production System has allowed Toyota to react quickly to changes in the market and the economy remaining flexible and succeeding while others strive, even in hard times. This is attributable to its philosophy, which characterizes Toyota as one of the role-model not only in the manufacturing world, but also beyond its manufacturing walls to the entire supply chain.