In the past, IT has represented a distinctly secondary priority to people and process at Toyota. Beginning in 2001, however, IT and systems became a high priority and strategically critical to the company. From 2001 through 2005, the company spent a reported 200 billion Yen, or $1.709 billion in U.S. dollars at recent exchange rates, on the Total Information System for Vehicle Development, or TIS. To us, that represents a paradigm shift.

The company has already established a major competitive advantage by leveraging people and process. Building on that established lead, its new emphasis on tools and technology on top of its strength with people and process extends and deepens Toyota's competitive advantage. Number of pages in report, 8.

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