Management Trends

             · Total Quality Management refers to a quality emphasis that encompasses the entire organization, from supplier to customer. It is the philosophy that focuses relentlessly on the needs of the customer, both internal and external, realigns the organization from detection to prevention and aims to improve continuously.
             · It stresses a commitment by management to have a continuing company wide drive toward excellence in all aspects of products and services that are significant for the customers' satisfaction.
             · Just in time management is one of continuing improvement and enforced problem solving.
             · Implementation of Just in time management establishes quality and purchasing controls that greatly helps a company like reducing its inventory on hand.
             · It also helps in cutting the cost of quality. The main reason for this is because scrap, rework, inventory investment and damaged costs are directly related to the inventory on hand. If inventory hides bad quality, the good thing about JIT is that it exposes this.
             · Just in time management improves quality by keeping evidence of errors fresh and limits the number of potential sources of error. In other words, it gives an early warning for quality problems.
             · Reengineering is essential because improving business processes is paramount for businesses to stay competitive in today's marketplace.
             · Because the rate of change has increased for everyone, an approach for rapid change and dramatic improvement that has emerged,the Business Process Reengineering (BPR).
             · Reengineering assumes the current process is irrelevant - it doesn't work, it's broke, forget it. Start over. Such a clean slate perspective enables the designers of business processes to disassociate themselves from today's process, and focus on a new process.
             · Benchmarking deals with selecting a demonstrated standard of performance that
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Management Trends . (1969, December 31). In MegaEssays.com. Retrieved 14:28, April 19, 2024, from https://www.megaessays.com/viewpaper/62353.html