5 Common Questions on Supply Chain Management
1. What are the advantages and disadvantages to a firm having a small number of suppliers? The advantage of a smaller number of suppliers is…
Articles by MbaNotesWorld
SUPPLY CHAIN MANAGEMENT
Supply chain management is becoming a vital part of an organization’s strategic plan. Many factors are responsible for supply chain management’s increased importance. These include…
SUPPLY CHAIN MANAGEMENT
Supply chain management is becoming a vital part of an organization’s strategic plan. Many factors are responsible for supply chain management’s increased importance. These include…
Three Paths to Market Leadership
Market leaders succeed because: a) they redefine value for their customers b) the build business systems that can deliver more of that value to their…
COSTS OF QUALITY
The term quality has many meanings. Quality can mean that a product has many features not found in other products; it can mean that it…
Costs of Internal and External Failure
The costs of not meeting design specifications are classified as internal failure costs and external failure costs. Defects that are detected internally result in costs…
Costs of Reducing Defects
There are basically only two ways to reduce defects and the resulting costs of internal and external failures. Either the defects can be prevented or…
The Trade-Off Between Prevention and Appraisal Costs and Internal and External Failure Costs
Generally speaking, companies should focus more effort on prevention and appraisal. And prevention is usually better than appraisal. Most authorities agree that the costs of…
Quality Cost Report
Quality consultants claim that top managers often do not pay enough attention to quality since the costs of low quality (i.e., high defect rates) are…
Data for the Quality Cost Report
The costs of non-conformance (i.e., defects) often cut across departmental lines and are therefore somewhat difficult to collect. Moreover, some of the costs of nonconformance…