Total Quality Management Total Quality Management is a management approach that originated in the 1950 ’s and has steadily become more popular since the early 1980 ’s. Total Quality is a description of the culture‚ attitude and organization of a company that strives to provide customers with products and services that satisfy their needs. The culture requires quality in all aspects of the company ’s operations‚ with processes being done right the first time and defects and waste eradicated from
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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Case Study: ‘Ocean Carriers’ By: Alyssa Linder Wenliang Zhang Xhangoli‚ Eva 1. Daily spot hire rates are determined according to supply and demand of the shipping capacity. According to the article‚ the supply of ships available equals the number of ships currently in the fleet plus any new ships added‚ minus any scrapings and sinking. According to Exhibit 2‚ there are a limited number of ships older than 24 years which are likely to be scraped. For those ships under the age group
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Where It All Started Today Baseball is considered America ’s national pastime. American ’s began playing baseball on informal teams in the early 1800 ’s. At this time they had only local rules that differed from place to place. Also‚ at this time there were no official baseball bats for the players to use. Many used sticks as bats. That is where stick ball came from which is still played today. Baseball was based on the English game of rounders. Alexander Joy Cartwright of New York invented
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Hyundai-motor-company-report PART 1: HYUNDAI MOTOR COMPANY REPORT Business Description Products and Brand: Hyundai Motor Company (hereafter‚ HMC) formed in 1967‚ was a part of the South Korean Chaebol - the Hyundai Group. In the last four decades‚ HMC managed to establish itself as a most prominent automaker producing reliable‚ technically sound and stylish automobiles and commercial vehicles. Headquartered in Seoul‚ South Korea‚ HMC opened a new chapter in the history of the
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General Motors Leadership is one of the most important aspects and challenges a company faces which can influence the effectiveness or an organization. An organization counts on good leadership skills to direct and lead a company into performing and motivating to achieve attainable goals and produce income. According to the General Motors (2007) website‚ they are proud of their group affiliation of the Affinity Group which allows employees and management to link up and produce effective ideas
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Ocean Carriers Project Analysis Introduction Ocean Carriers receives a lease for a ship over three years starting in 2003. However‚ the company currently does not hold qualified ships that can meet customers’ demand. Our report is not only to assist Ms. Linn to decide whether or not to purchase a new ship but also give a reasonable suggestion on how long to hold on the ship regarding the NPV and long term prospective of dry bulk industry. Upon business operating in U.S or H.K‚ we consider four scenarios
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Total …… Quality…… Management…… Presentation slides by Dr Anjan Ghosh ….. ……VP-TQM Exide SXC-Logistics & Supply Chain Management March -April 2013 External Developments in last 40 years that has changed the Business Environment • Customers have taken charge – buyers market ‚ diverse customer requirements • Competition intensified – no more monopolies ‚ level-playing fields • Shifts in industrial zones – products made & sold globally ‚ no specific place • Changes in customer & supplier
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MOTORSSUPPLY CHAIN CASE PRESENTATION Matt Archey Kevin Drakes GurpreetKingra Nitin Sharma MBA -513 2010-04-10 2.Executive Summary About the Case About Wolf Motors Key Aspects of Supply Chain Supply Chain Model/Relationships Discussion/Conclusion 3.About the Case This case throw light on the fourth dealership of Wolf Motors‚ which was the first auto supermarket in the network of dealerships of the Company. John Wolf‚ the president of the company was really excited about this new dealership
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00 140.00 120.00 100.00 80.00 60.00 40.00 20.00 F. Y. 2010 (Jan-10 to Mar-10) F. Y. 2011 F. Y. 2012 ( Till June-11) Approved 17‚52‚92‚448 1‚23‚05‚38‚605 42‚30‚48‚168 NFS Volume Growth - YoY Declined 2‚82‚25‚781 21‚34‚06‚722 6‚69‚42‚759 Total Volume 20‚35‚18‚229 1‚44‚39‚45‚327 48‚99‚90‚927 Average Monthly Volume 6‚78‚39‚410 12‚03‚28‚777 16‚33‚30‚309 SLETTER NPCI NEW Volume 5‚ July 2011 Average Monthly Volume ( in Million ) From the desk of MD & CEO 2.61 2.30 1.60 NFS
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