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Connection between profit-seeking and product quality!
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[QUOTE="Mellorando, post: 205154, member: 37973"] The main goal of quality improvement is improved profitability. Greater quality reduces manufacturing costs due to lower scrap levels, less rework and reduced raw material costs. The quality of products and services has always been one of the main factors of competition in the national and world markets, a symbol of the prosperity of individual enterprises. Quality is a social assessment characterizing the degree of satisfaction in specific consumption conditions. The quality management system is an integral part of the overall management system of the production and economic activities of any business and is directly linked to its profit. Here are some important things to think about in order to ensure the quality of your products and therefore to enhance the firm’s profit: 1: Customer Orientation Organizations depend on their customers and therefore need to understand their needs. The product quality of the business should focus on customers, they should produce and sell what the client needs. Those companies that pay more attention to consumers in order to win their trust should also be ahead of customer needs. 2: The role of leadership Qualitative results cannot be achieved without the participation of the firm’s management. Organization leaders must have a vision, build clear objectives, specific and customer-oriented ones. The team leaders fulfill their duties through quality planning, control, assurance and improvement within the quality system of the firm. Thus, responsible and focused managers are critical in the implementation of effective quality maintenance. 3: Employee involvement Staff are the most important resource of the business, and the active participation of employees in ensuring the quality of products, their knowledge and experience are crucial for the business’s financial success. The human factor in the organization is essentially the one responsible for the development of internal resources to increase the organization's capacity to achieve higher profits. 4: The “Process” approach You can effectively achieve the desired financial results when resources and related activities are managed as a process. It represents a group of activities related to each other and carried out in a logical way. In order to function effectively, organizations must define and manage relevant processes. In order for the processes to be effective, the output value must be greater than the input, which means that the process provides added value. [/QUOTE]
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Connection between profit-seeking and product quality!
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