TOKYO -- Toyota Motor Corp. will invest 200 billion yen ($1.69 billion) in its information network to standardize its "just in time" parts delivery system globally, the Nihon Keizai newspaper said on Tuesday.
The network, which is expected to boost Toyota's cost competitiveness, will centrally manage information on auto development, production and parts procurement handled at about 60 manufacturing bases in 27 countries and regions, the paper said.
A spokeswoman for Toyota said she was still checking details of the report.
Toyota, Japan's largest automaker, is famed for its production system, which aims to deliver parts "just in time" for production, helping to keep inventories low.
The network will give Toyota access to information covering about 1,500 major parts suppliers worldwide, enabling the automaker to choose the best in terms of cost and quality, the paper said.
Toyota has already developed the backbone of the new computer system with International Business Machines Corp. (IBM), while its has teamed up with Fujitsu Ltd. and NEC Corp in supply chain management and other systems, it said.
It will switch over to the new network at all its domestic and overseas plants by September, the paper said.