2.4.4 Quality Management ⚙️ Flashcards

(59 cards)

1
Q

What is quality?

A

Subjective - features of a product that allows customer needs to be satisfied

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What do we consider with quality ?

A

Physical appearance
Repairs
Image of rep

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is quality control ?

A

A method that uses quality inspectors to find faults checking

that the final products are good enough standard and capable of what they are intended to do

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are the objectives of quality control ?

A

Satisfies customer needs

Worked under conditions it may face

Can be repaired easily and be produced cost effectively

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is quality assurance ?

A

A system where the product is checked at each stage of the production process

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is a positive for quality assurance

A

Poor quality products can be prevented before final production - aims to improve design
and development

Takes consumers views - markers research

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are quality circles ?

A

A group of workers meet regularly to solve problems and discuss work issues - allows representation amongst workers building motivation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is Total quality management ?

A

A managerial approach that focuses on quality and aims to improve the effectiveness at every stage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are the positives and negatives of
TQM?

A

Positives
No paying for inspectors
Empowers employees

Quality in all aspects of the business improves efficiency

A culture of constant improvement exists within the business

Negatives -

All workers must be committed and receive significant continued training

Careful monitoring and control is require

takes time to introduce staff to it
Staff may be resistant
Cost more to train staff

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What happens within T Q M?

A

Each department and worker are responsible for the quality they produce

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What are the 8 features of TQM?

A
  1. Quality chains ⛓- supplier satisfies the customer
    - if worker fails to make product at a high quality -chain of satisfaction is broken
  2. Company policy , accountability and empowerment- only be improvements if their is a company wide quality policy

Employees have to be accountable and supervisors have to be empowered to make their own decisions

  1. Control - over the quality and factors that may effect it 👩‍💻 eg . Suppliers - workers have no control over faulty equipment - need regular audits
  2. Monitoring the progress - to help find possible improvements
    Eg . statistics process control - Reduce variability within quality or lead time or working times
  3. Team work - range of skills
    Moral improved
    More ideas being shared
    More problems can be tackled
  4. Consumer views - increases responsiveness
  5. Zero defect - gain good rep
  6. Quality circles - a steering committee must be set up to oversee whole quality circle program

Manager is ideally The chair

manager shows commitment to the principle of quality circles

Team leaders trained

at least one person has to accountable for the program on the committee

Using TQM- just focus on customer needs a relationship with suppliers

achieve quality in all aspects of business not just product or service

analyse the processes and remove waste and inefficiencies

improve team approach

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Are some issues surrounding TQM?

A

Training and development costs for new system

It will only work if there is commitment from entire business 👩‍💼

great deal of documents regular audit will be needed

stress placed on process not product

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the three features of Kaizen?

A

Continuous  improvement - kaizen helps to add small increments of improvements allowing changes to be consistent with the productivity.

compared to the western method where does productivity and a sudden rise

Waste elimination such as muda in Japan- Can add costs without adding value to theproducts
1. wasted when workers are waiting around before task start time

  1. Time wasted my workers are trying to retrieve tools and move unnecessarily
  2. Unregular use machines only once a month for special order
  3. excessive demands which may need to working overtime leading to a tired workforce

Implementing continuous improvement - difficult to look for continuous improvement all the time try to solve this problem by introducing PDCA
(plan do check action cycle 🚲)

plan - businesses must identify by improvements
needed data gathered to develop a plan

do - once plans finalised must be carried out to the workers and production line

check- check whether there’s been an improvement task carried out by inspectors

action - plan a successful it must be introduced in all parts of the business

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is the competitive advantage from quality management?

A


Unit costs are likely to be low if a business takes a preventative approach through the use of quality assurance or TQM

Low costs may allow a business to reduce its selling price to better compete with or undercut its rivals

Increased finance may be available to fund marketing activity to improve brand recognition and attract new customers

High levels of quality can be used in promotional activity and provide a unique selling point for businesses in competitive markets

Successfully developing a USP for quality can ease expansion into new markets as a result of the positive reputation it creates

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is statistical process control?

A

The collection of data about the performance of a particular process 

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is a quality chain

A

When workers link customers to suppliers externally and externally

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

How do we calculate lead time?

A

When the bar gate line hits the reorder level and after it

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What are the pros of buffer stock?

A

manage - uncertainty- suppliers fail to deliver unexpected demand continue production leads to increase in sales 

negotiate better deals with suppliers - negotiate order sizes - lead to overall reduced average cost per unit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

What are the cons of a stock?

A

Higher costs - always holding a little bit of stock leads to less cash

wastage- depends on what is being sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What are the four types of lean production?  Eval?

A

Just in time - exact materials come when you need to make product evaluation - trust the supplier 

kaizen- continues improvement keep improving a little bit of production process go to Quality control to quality assurance - full-time workers - part-time workers  - it has a culture whether their resistance to change 

cell production - team of workers completing tasks In close proximity - Ev - multi skilled in labour 

lean design - fast product desire first move advantage leads to price skimming EV - cost of technology 

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What are the five types of waste? 

A

Too much stock for materials components
defect
high fluctuations changes in production volume waste

employee is not utilise to

Make large factory outlet space and rentals and poor production and technology 

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

What is the quality control?

A

Assistant to ensure the final good or service meets a certain level of quality 

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

What are the negatives or bad quality control? 

A

Increase the defect increase in wastage costs increasing costs increase final price decreases competitiveness 

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

What are the pros and cons of quality control?

A

A voice and good with defects is due to defects and defaults over time in peace with reputation increase in sales

I was after the products produced they have an impact on production process

increasing costs does it help to prevent waste doesn’t have

motivational gains that call tea assurance have 

25
what is quality assurance? 
When a System is used to prevent defects from occurring 
26
What are the three pros of quality assurance?
Defects decrease waste decrease production cost decrease price decrease increases competitiveness Defects of time decrease reputation and sales increase Quotation design involved in responsible increase increase motivation 
27
What are the three cons of quality assurance? 
Increasing costs due to training for design and training for production follow the process may slow down production process decreasing productivity resistance may be demotivating 
28
What is TQM? 
Total court management and approach that is customer focused to improve product quality and reduce waste 
29
How many TQM in improve product quality and reduce waste?
Continues improvement and reduction waste in the production process 
30
What does the total mean in TQM? 
continually improve production processes 
31
What does the quality mean TQM mean? 
They seem to improve quality for a customer internally and externally 
32
What does the management stand for for total quality management?
It shows that targets training and funding and trust is amongst employees 
33
What are the pros and cons of TQM? 
Improve quality of product - Employee satisfaction 
34
What are the pros cons of total quality management? 
improved quality - customer satisfaction increase customer buying - sales increase in employee motivation  Cons of TQM culture time to see impact hardto measure resistance demotivation 
35
What is inflation? 
Sustained increasing in prices in an economy measured by CPI weighted index of the most representative goods purchased by consumers 
36
What is inflation affect on finance?
Real value of debt is eroded - fix payments are worth less Assets appreciate in value more secure statement of financial position 
37
 What is inflations effects marketing? 
Maybe to high revenues if in elastic PED - decrease revenue Cause he must have lower real incomes - BRAND DOWN If inflation is higher than the UK versus the rest of the world International competitiveness well  decrease
38
What are the four things that are affected by inflation?
Finance marketing operations and human resources
39
How does inflation affect operations? 
Cause the materials will increase supplies to increase prices faced with decisions to price unchanged decrease market profit markets or increase price decrease quantity demanded - every revenue 
40
What are human resources and what’s its effect on inflation? 
Workers will rage made full increase in wages increasing cost of production  Mainly industrial actions like trade unions negative industrial relations 
41
What is the significance of exchange rates? 
domestic exchange rate note impact weakening fixed more - switch supplies to save costs international markets stronger powered focus more on domestic market. Would it make sense to stock pile?
42
What made appreciating pound due to costs?
Decrease cost of production abroad, increasing their profit margin 
43
What is an interest rate?
The Cost of borrowing money
44
What will happen to consumers who went interest rates increase 
Saving savings will increase more so decrease in spending Discourage is borrowing loans taken on decreases decreases demand for luxury goods Make us able to get the service decrease spending Repayment for existing debts
45
What happened to if interate is decrease for consumers?
Saving me save less going forward increasing spending encourages borrowing losing increase and increasing debt cost less for services decreasing interest rate payment
46
What happens to producers if interest rates increase?
Is this thing that’s may increase leading to higher payments and interest costs discourage from future investments due to boring cost like the ARR will increase  Less sales Less profitable for businesses
47
What happens if interest rate rates decrease for producers?
Is this in debt may decrease leading to less payments lead to decrease and costs encourage to invest. ARR decreases can go ahead with projects increase innovation quality be more competitive more sales from consumers.  More profitable 
48
What is the effect of common taxation on income tax corporation tax and VAT? Personal business and spending tax?
Income tax increase interest rates consumers have less Disposable  income spending their subs sales will revenues reduced  , corporation tax increase cost for the business low profit less for financial reinvestment labour training machines VAT price products may increase the multiple products fall sales fall revenue may fall
49
What is the effect of the increase of consumer if there’s an increase in spending or decrease to a business? 
Increase stock levels if there is an increase and investment levels increase in stock levels investment levels 
50
What is all level all revenue not created? 
51
What is bad revenue ?
One time diminishes in a recession very high YED price taker added the POOR customer loyalty accounts receivable - debtors less cash flow l
52
What is good revenue ?
Requiring recession proof prize maker in elastic PD no rivals monopoly high value added customer loyalty due to bad and repay upfront and 
53
What is just in time?
Type of lean production 
54
What are the pros and cons of just in time?
Reduction in waste inventory storage costs - stock and cash flow - opportunity cost cash invested elsewhere? Greater productivity pull method time pressure increases from orders was supposed to be place employees go to control stock - motivated 
55
What are the cons of just in time?
High unit cost more purchases unable to get purchase delivery pressure logistics Very reliant on the supplier felt to deliver the safe production risk of failure to meet unexpected demand reputation issues 
56
What do we consider with just in time
How reliable and flexible the suppliers is How predictable sells our sales just in term is difficult to manage how predictable just in time? If volitile sales just in time is hard to manage  Exercise of storage cost - higher surgical high just in time makes sense or is it too expensive for manufacturers? 
57
What are the importance and benefits of quality? 
Able to different products versus rivals unique, separate and create higher sales need to put a stretch strategies able to increase prices but willing to pay for high-quality customers brand PED if it’s inelastic prices and revenue will increase but you could do further prices at tips with prices such as price giving 
58
What is the capital intensive intensive production mix?
Capital intensive - more capital is used rather than labour Liberative proportionally more labour use in the production process 
59
What are the positives of our capital intensive strategy?
automated - 24 seven does not need to take breaks or strike taking shortcuts, consistent and reliable like to be cost-effective long-term in increasing efficiency and technical economies of scale  Negatives initial cost of the business for that missionary tends to be inflexible