TQM is only one of many acronyms used to label management systems that focus on quality. Like many of these other systems, TQM provides a framework for implementing effective quality and productivity initiatives that can increase the profitability and competitiveness of organizations. It was initially implemented at Western Electric Company, in the form developed by Joseph Juran who had worked there with the method.
Demand in any period that is outside the limits established by management policy. This demand may come from a new customer or from existing customers whose own demand is increasing or decreasing.
Care must be taken in evaluating the nature of the demand: Is it a volume change, is it a change in product mix, or is it related to the timing of the order?
In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production. The fixed costs are usually allocated to units Quality management in business output on the basis of direct labor hours, machine hours, or material costs.
A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week. In quality management, when a continuing series of lots is considered, AQL represents a quality level that, for the purposes of sampling inspection, is the limit of a satisfactory process average.
In quality management, a specific plan that indicates the sampling sizes and the associated acceptance or non-acceptance criteria to be used. In quality management, 1 A number used in acceptance sampling as a cut off at which the lot will be accepted or rejected.
For example, if x or more units are bad within the sample, the lot will be rejected. The entire lot may be accepted or rejected based on the sample even though the specific units in the lot are better or worse than the sample.
There are two types: In attributes sampling, the presence or absence of a characteristic is noted in each of the units inspected.
In variables sampling, the numerical magnitude of a characteristic is measured and recorded for each inspected unit; this type of sampling involves reference to a continuous scale of some kind. A carrier's ability to provide service between an origin and a destination.
A carrier's charge for accessorial services such as loading, unloading, pickup, and delivery, or any other charge deemed appropriate. Being answerable for, but not necessarily personally charged with, doing specific work. Accountability cannot be delegated, but it can be shared.
For example, managers and executives are accountable for business performance even though they may not actually perform the work.
The value of goods and services acquired for which payment has not yet been made. The value of goods shipped or services rendered to a customer on whom payment has not been received. Usually includes an allowance for bad debts.Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon.
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A formal business plan is an important document for any business. Entrepreneurs just starting out may find putting their thoughts, goals and in some cases dreams to paper an intimidating process. Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.
A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing.