Toyota Motor North America Inc. has undertaken a program aimed at slashing its service parts logistics costs and delivery times, Chief Executive Toshiaki (Tag) Taguchi reveals at the Chicago auto show. The “Monarch” project now underway, Mr. Taguchi says, will use high-speed Web-based networks to cut the current days' supply of parts inventory in half, trim the average days of backorders by 30% and lower transportation costs 25% over the next three years. Toyota currently controls 85 ...

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