Answered! Examine the business concepts of quality management and lean systems provided below: 1. Cost of Quality and 2. JIT…

Examine the business concepts of quality management and lean systems provided below:
1. Cost of Quality and 2. JIT
-compose a couple paragraphs with
● One aspect of quality management (cost of quality)
● One aspect of lean systems (JIT)
Close your paragraph with the following observations from your research: The importance of Deming’s research to the foundation of quality, and what you could do now, to implement the concepts you selected, to your own life and work.

Expert Answer

Cost of quality is a methodology that allows an organization to determine the extent to which its resources including finances are used for activities that prevent poor quality, in all its operations, that appraise the quality of the organization’s products or services, which result from internal and external failures. Having such information allows an organization to determine the potential savings to be gained by implementing process improvements to reduce the Cost of Poor Quality (COPQ).

Quality-related activities that incur costs may be divided into prevention costs, appraisal costs, and internal and external failure costs. The Deming’s concept of quality management includes working on all the factors that result in poor quality works so that the COPQ can be reduced to the minimum.

JIT: Just-in-time is an inventory planning and management strategy that companies employ to increase efficiency and decrease waste by receiving or producing goods & services only as they are needed in the production process, thereby reducing inventory costs. This method requires producers to forecast demand accurately.

This inventory supply system represents a shift away from the older just-in-case strategy, in which producers carried large inventories in case higher demand had to be met. This method reduces costs by eliminating warehouse storage needs. Companies also spend less money on raw materials because they buy just enough to make the products and no more. The disadvantages of just-in-time inventories involve disruptions in the supply chain.

Deming’s research and works on 14 points of quality management focus on the total understanding of the reasons of poor quality works. It not only covers the production or the core business area but encompasses all processes, procedures, trainings and psychology (also) leading to the poor quality of work.

Demming’s concepts today are utilized in all good organizations may be partly or completely to conituously improve the systems and procedures to reduce the cost of poor quality as its main focus.

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