Lean manufacturing goal is to reduce costs

Assignment Help Business Management
Reference no: EM132930521

Overview:

Lean manufacturing's goal is to reduce costs while optimizing and improving performance through total participation of, not only management, but employees as well, and if they were successful. It is a combined effort with a goal of improving customer satisfaction and hopefully sustaining or improving profitability.

Total Quality Management (TQM) is the philosophy and system of tools which develop strategies which are both efficient and effective. Lean manufactuing is the forerunner of Total Quality Management.

Please prepare a paper illustrating how two different companies in two different industries utilized TQM programs and were they successful. Describe all steps undertaken and how it helped improve customer satistaction.

The following topics should be discussed:

Total Employee Involvement

Inputs from Supplier and Customers

Organization's Vision, Mission, and Goals

Continuous Improvement

Performance Measures

Research two articles on the two different companies in different businesses and provide example on how their TQM system increased customer satisfaction.

Reference no: EM132930521

Questions Cloud

What are the caveats for reporting falls to cms : What are the caveats for reporting falls to CMS or other national quality database
Describe your target market : Describe your target market, whether a business or consumer market, using segmentation variables.
Discuss the impact that workplace bullying : Discuss the impact that workplace bullying can have on employees and the organization. Given the four basic goals of Human Resources Management, what action can
Describe a competency-based job analysis : Why should firms consider describing jobs in terms of competencies instead of duties?
Lean manufacturing goal is to reduce costs : Lean manufacturing's goal is to reduce costs while optimizing and improving performance through total participation of, not only management,
Explain the law of variable proportions : 1. Distinguish between Capital Expenditure and Revenue Expenditure with examples
Explain the law of variable proportions : 1. Distinguish between Capital Expenditure and Revenue Expenditure with examples
Public corporation has delivered value : How do you measure how a public corporation has delivered value for its shareholders?
Describe four policy measures : 1. A coffee roasting company has analysed its sales to determine that, on average, it sells 8,000 pounds of roasted coffee each year. They deliver roasted beans

Reviews

Write a Review

Business Management Questions & Answers

  Analyze the success of the merger or acquisition

Evaluate the financial statements of both companies (balance sheet, income statement, cash flow statement).

  Affect the total revenue collected per hour

What will happen to the number of trips taken per hour if you raise the toll by 10 percent? How would this affect the total revenue collected per hour?

  Approach to the managerial communications process

Outline a strategic approach to the managerial communications process.

  Profitable marketing alternative to promote business

EFI wishes to select the most profitable marketing alternative to promote Soufflés for Microwaves. Recommend which of the three strategies presented above should be adopted by EFI.

  Impact of an increase in direct taxes

What is the impact of an increase in direct taxes, (eg income tax) on the AS- AD model?

  Singapore post ltd-recurrent service failures

Are the short term measures announced by SingPost adequate to resolve the underlying issues?

  Models of operations and information management

Critically analyse the theory, concepts and models of operations and information management and demonstrate an understanding of the strategic importance of information management in global organisations.

  Characteristics of an oligopoly market structure

State ANY FIVE (5) distinguishing characteristics of an oligopoly market structure?

  Examine the theoretical framework

In an analysis of 750-900 words, examine the theoretical framework, style, and leadership traits presented in the story. Discuss how this particular individual has adopted leadership as a vocation. As a leader, which qualities of this person would..

  Allow for uncertainties in the market

The BOYLEN OIL COMPANY has set its order quantity at 35. However, to allow for uncertainties in the market, it wants to hold 2 weeks of safety stock. What should its reorder point be, if the delivery time is 1 week.

  Examine two of the objectives for using an sla

Examine two of the objectives for using an SLA. Propose to the customer why it is important to include them in the contract.

  Difficult in the field of life insurance

Do you think that loss adjustment would be most difficult in the field of life insurance, property insurance, or liability insurance?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd