What is Quality Assurance? Quality assurance assists a corporation in developing products and services that fulfill consumers’ demands, expectations and standards. It results in high-quality product offers that earn customers’…

What is Total Quality Management? Total Quality Management (TQM) is a comprehensive management philosophy and approach aimed at continuously improving the quality of products, services, and processes within an organization.…

What is Quality Management? Quality management ensures that an affiliation, thing, or organisation is unsurprising. It has four principal parts, viz., quality masterminding, quality confirmation, quality control and quality improvement.…

What is Quality? As per the ISO 9126-1 norm, quality alludes to the accompanying arrangement of framework attributes, i.e., usefulness, dependability, convenience, productivity, viability and portability about the item that…

What is Economic Order Quantity? Economic Order Quantity (EOQ) is a formula used in inventory management to determine the optimal quantity of goods to order, taking into account factors such…

What is Inventory Management? Inventory management is a component of the supply chain management that helps in overseeing the order and storage of items that an organisation uses in the…

What is Inventory? Inventory is defined as the goods (raw material, work-in-process and finished goods) held by a business with the purpose of production and sale in the future. Inventories…

What is Material Handling? Material handling refers to the process of moving, controlling, storing, and protecting materials and products throughout the various stages of production, distribution, consumption, and disposal. It…

What is Materials Management? Materials management refers to a method of planning, organising and controlling activities concerning the flow of materials in an organisation. It is an important function of…

What is Purchasing Management? Purchasing management, also known as procurement management, refers to the process of planning, acquiring, and managing the goods and services required by an organization to support…