27.12.2014 Views

Strategic Thought Transformation - The IIPM Think Tank

Strategic Thought Transformation - The IIPM Think Tank

Strategic Thought Transformation - The IIPM Think Tank

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

B E S T P R A C T I C E S<br />

A guiding<br />

MANTRA<br />

in quality nirvana<br />

PAB ITRA RANJAN, <strong>IIPM</strong> AHM EDAB AD<br />

A subjective commentary on how Total Quality<br />

Management guides the way processes are structured<br />

People define quality in many ways.<br />

Some think of quality as superiority or<br />

excellence, while others view it as lack<br />

of manufacturing or service defects, still there<br />

are others who think of quality as related to<br />

product features or price. With globalization,<br />

managers think quality is something which<br />

is imperative to satisfy customers. Success in<br />

global market demands agility. Flexible, rapid<br />

and customized response is the need of the<br />

hour. Organizations therefore need shorter cycles<br />

for the introduction of new and improved<br />

products & services, as well as for faster and<br />

more flexible response to the customers. Major<br />

improvements in response time often require<br />

simplification of work units & processes and<br />

ability for rapid changeover from one process<br />

to another.<br />

To meet demands of rapidly changing<br />

markets, organizations need to carry out various<br />

techniques like Total Quality Management<br />

(TQM), Just in Time, Concurrent Engineering,<br />

et al, and many other techniques to improve<br />

the quality standards.<br />

One of the basic concepts of TQM philosophy<br />

is Continuous Quality Improvement<br />

(CQI). This concept implies that there is no<br />

acceptable quality level because the customer’s<br />

needs, values & expectations are constantly<br />

changing and becoming more demanding.<br />

Every organization undertakes various improvement<br />

activities, so as to enhance its business<br />

success. In many cases, it is experienced<br />

that in spite of sustained improvement efforts,<br />

its impact on the business results (measured<br />

in terms of financial and non-financial performance,<br />

customer satisfaction and employee<br />

satisfaction) is insignificant.<br />

Continuous Quality Improvement is a process<br />

improvement effort to increase efficiency,<br />

effectiveness and to optimize the final results,<br />

which if converted to monetary terms should<br />

yield profit. <strong>The</strong> techniques of CQI are many<br />

in numbers and each business has to select<br />

suitable techniques that are suitable to the<br />

nature of products or services offered by them<br />

to the customers. However, the word ‘continuous’<br />

is very important because interrupted<br />

or accidental improvements will not result in<br />

sustaining growth in profits of business.<br />

As we move from the environment of<br />

shortages to an environment of surplus the<br />

quality element is extremely crucial. So the<br />

companies which use total quality principles<br />

to understand customer requirements will certainly<br />

dominate the global markets of future.<br />

74 STRATEGIC INNOVATORS<br />

An <strong>IIPM</strong> Intelligence Unit Publication

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!