4-6 Quality Management

What is the primary goal of Just-In-Time (JIT) Inventory Management?

• To increase inventory holding costs

• To increase the number of suppliers

• To minimize inventory holding costs and maximize inventory turnover speed

• To delay shipments to customers

Which process is focused on preventing errors and ensuring consistent quality standards?

• Six Sigma

• Quality Assurance

• Quality Improvement

• Quality Control

What does Quality Control involve?

• Measuring and testing a product or service against quality benchmarks

• Receiving inventory just in time

• Monitoring all functions within the organization

• Eliminating errors in productions and processes

Which methodology focuses on eliminating errors to maximize efficiency and profitability?

• Just-In-Time (JIT) Inventory Management

• Quality Assurance

• Quality Improvement

• Six Sigma

What is the purpose of Quality Improvement within an organization?

• To receive inventory from suppliers just in time

• To constantly look for ways to improve processes, products, and services

• To ensure a product or service meets defined quality standards

• To monitor all functions for efficiency