Quality Management System Meaning, Objectives, Process, Benefits, Requirements
A Quality Management System (QMS) is a complex system consisting of all the parts and components of an organization that deal with the quality of processes and products.
Structure of Indian Banking System Meaning, Definition, Features, Structure
The structure of Indian Banking System has evolved to meet the financial needs of trade and industry and to satisfy the country’s institutions.
Business Process Re Engineering
Business Process Re-engineering (BPR) is the analysis and re-design of workflow and processes within and between organisations. It is, in computer science and management, an approach aiming at improvements using elevating the efficiency and effectiveness of the business process that exists within and across organisations.
Intranet Characteristics, Architecture, Advantages, Disadvantages
An intranet is a private computer network that uses network connectivity and Internet protocols to securely share any part of an organization’s information or operational systems with its employees.
Cost of Quality Formula, Meaning, Types, Indirect
Cost of quality is the amount of money a business loses because its product or service was not done right in the first place. From fixing a warped piece on the assembly line to having to deal with because of a malfunctioning machine or a badly performed service, businesses lose money every day due to poor quality.
What is Quality Standards Need, Organisations, Meaning
Quality standards represent “the totality of characteristics of an entity that affect its ability to meet stated and implied needs” rather than varying values.