Economics, Quality and Organisation Essay Example | Topics and Well Written Essays - 3000 words

Economics, Quality and Organisation - Essay Example A further stream of concepts such as total quality management (TQM), statistical process control, quality control, quality assurance, quality system and quality management will form the basis upon which manufacturing organization quality will be discussed to link firm’s success and achievement to attainment of an organization’s quality. Cost minimizing an output maximum remains the objectives of profit-oriented firms and this can only be achieved based on a good manufacturing organization. It is upon these bases that the paper lays its framework upon which a modern firm draws its competitive advantage by being efficiently organized. Consumer perception is a key in sales of any particular commodity, firm that are efficient in their organization will ensure a customer’s is nagged into buying through satisfaction of his perception of a commodity. A consumer post purchase evaluation determines his loyalty to the purchased brand and this will help a firm’s bran d sell since a satisfied customer will promote the firm’s product to his colleagues and relative at no pay. This was conducted by New Mexico Manufacturing Extension Partnership based on the analysis and review of the production process and the layout of the company’s production area. The researchers applied the Value Mapping Process and realized that ACs was able to rid out excess movement, materials and tooling which resulted to establishment of a greater streamlined commodity flow. The reported indicated a reduction in the company costs by 65% with its production being raised to 45 units from the initial 20 units per shift. Another remarkable benefit was a reduction in production facility size by 73% as well as scrap rates declined to 18% from the original figure of 24%. A research conducted by NC State University Industrial assessment Center and the NC state industrial Extension Service’s