Capacity Planning – Meaning, Classification and its Goals
February 12, 2025
Inventory management and supply chain management are the backbone of any business operations. With the development of technology and availability of process driven software applications, inventory management has undergone revolutionary changes. In the last decade or so we have seen adaptation of enhanced customer service concept on the part of the manufacturers agreeing to manage […]
In the past few years, technology companies have been driving the boom in the financial markets. The FAANG companies (Facebook, Amazon, Apple, Netflix, and Google) have seen their valuations increase by leaps and bounds. However, COVID-19 is causing a worldwide stock market collapse. It would be fair to say that the pandemic is not affecting […]
Introduction The practice of project management has undergone a sea change in the way it is conceptualized and executed. Gone are the days when the project manager operated in silos without and larger picture focus and without any concern for the environmental and the social costs of the projects he or she was executing. In […]
Why Do 80% of All Projects Fail to Deliver on Time and What can be done About Them Research shows that nearly 80% of the projects fail to maintain timely completion of deliverables at each stage of the project as well as fail to finish on time. Project Managers often complain that the Triple Constraint […]
In previous articles, we have discussed how risk management teams and the management can help in planning for contingencies. In this article, we look at the role that external consultants can play in formulating and shaping a company’s business continuity planning. For starters, the biggest advantage that external consultants have over in house risk management […]
Quality of product and services determines success or failure of the organization. Consumers expect the company to maintain high-level of quality and consider it an important aspect of satisfaction.
Quality management, therefore, becomes very important as far as any organization is concerned.
Quality management can be accomplished through various quality control techniques. Quality assurance and quality control are objective oriented and can be achieved through statistical quality control.
Statistical quality control requires usage of acceptance sampling and process control techniques. Statistical quality control extensively uses chart to measure the acceptance level of the product samples.
Objective is to ensure that products fall within pre-decided upper control and lower control limits. Any sample falling outside the limits is inspected further for corrective action.
The quality of product or service is ensuring if proper designing process is followed. This designing process needs to be backed by appropriate process design supported by a suitable technology which confirms to requirements of customers.
Quality control ensures that defects and errors are prevented and finally removed from the process or product. Therefore, quality control should include; planning, designing, implementation, gaps identification and improvisation.
If organization can implement a stringent quality control than following benefits are possible:
Above mentioned points are relevant not only for production stage but are equally important for input material, manufacturing process, delivery process, etc.
Quality control techniques require extensive usage of statistical methods. The advantages of the statistical analysis are as follows:
Statistical Quality tools can broadly be classified into following categories:
Acceptance sampling is done on sample’s post production to check for quality parameters as decided by the organization covering both attributes as well as variables.
If the sample does not meet the required parameters of quality than that given lot is rejected, and further analysis is done to identify the source and rectify the defects.
Acceptance sampling is done on the basis of inspection, which includes physical verification of color, size, shape, etc.
The major objectives of inspection are:
Scope of inspection covers input materials, finished material, plant, machinery etc.
To sustain quality of product and services it is important to have in place robust quality control techniques.
Your email address will not be published. Required fields are marked *