Ch. 5s and 6 Flashcards
To promote sustainability, what supplier selection and performance criteria should be used to evaluate issues with respect to the employees of the suppliers?
OSHA, EPA
What are three ways in which society is trying to address the misallocation of resources held in the common?
Moving some of the common to private property, allocation of rights, regulation
What term refers to meeting the needs of the present without compromising the ability of future generations to meet their needs?
Sustainability
“the standard of something as measured against other things of a similar kind; the degree of excellence of something”
Quality
What is the 4 costs associated with quality?
- External Failure Cost, 2. Internal Failure Cost, 3. Inspection (appraisal) Cost, 4. Prevention Cost.
“a disciplined, data-driven approach and methodology for eliminating defects”
Six sigma
What are the seven tools of TQM?
Flowcharts, Cause and Effect (Ishikawa/fishbone) Diagrams, Check sheets, Pareto Charts, Histograms, Run Charts, and Control Charts
-“a system of management based on the principle that every staff member must be committed to maintaining high standards of work in every aspect of a company’s operations”
Total Quality Management (TQM)
What are elements of a successful quality strategy?
► Managing quality supports differentiation, low cost, and response strategies
► Quality helps firms increase sales and reduce costs
► Building a quality organization is a demanding task
The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs.
American Society for Quality
A national award that recognizes U.S. organizations in business, health care, education, and nonprofit sectors for performance and quality excellence. It is given to organizations judged to be outstanding in seven areas: leadership, strategic planning, customer and market focus, information and analysis, human resource focus, process management, and business results.
Malcolm Baldrige National Quality Award
What award includes “Measurement, Analysis, and Knowledge Management” as a criterion?
Baldrige Award Criterion
What two quality catch-phrases is Philip Crosby credited with?
Quality is free, zero defects
What type of definition of quality is evident in the statement “Quality lies in the eyes of the beholder”?
User based
What type of definition of quality is evident in the statement “Making it right the first time”?
Manufacturing based
What are the three broad categories of definitions of quality?
company reputation, product liability, global implications