Bus 309 Ethics

In: Business and Management

Submitted By angie1121
Words 300
Pages 2
1. Today, we are living in a highly competitive world where every business has to struggle to survive in the market. So in this process, supply chain management plays a very important role in meeting the demand of the companies and the customers by receiving and sending the raw material and finished goods to their desired destinations. In technological advancement edge, generally, all the companies are use ERP or other software for their supply chain management process. But in actually, there are four major areas which is focused by small business. These areas are – plan, source, make and deliver. First the companies plan their activities in terms of demand forecasting, inventory management, identify the required sources for the raw material and finally after making the product, the companies deliver it and plan in terms of order management, delivery schedules though through various transportation ways. 2. Total Quality Management is the philosophy of the management that involves all the employees of the organization for improving the quality of the productivity, process, and services. It is a continuous process for the organization and it is implemented equally in all the parts of the organization. The main principles of TQM are continuous improvement, customer satisfaction, employee involvement, leadership, teamwork and product / process excellence. Six Sigma is a quality management tool. It helps in the identification and removal of the flaws in the business processes so as to produce the consistent products and reduce the changes of variations. So, it enables the organization to achieve effectiveness and maximize its profitability. This methodology has been proved a very good tool for the improvement of organizations. Both the quality tool requires the support from the Top management and continuous implementation and follow-up in the organization for the…...

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