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Vocabulary flashcards that cover key concepts in quality management from the lecture notes.
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Quality
The ability of a product or service to meet customer expectations.
Quality Control
The process of checking for quality at the end of production.
Quality Assurance
The process of checking for quality standards throughout the production process.
Total Quality Management (TQM)
A philosophy of continuous improvement that focuses on quality at every stage of production to enhance customer satisfaction and reduce costs.
cycle times
how long various activities take to complete
scrap
materials or small parts that are no longer useful
warranty claims
the return of products, for example because they’re faulty or dangerousto recover the cost of repair or replacement from the manufacturer.
benchmarking
going outside the firm to see what excellent competitors are doing, and adopting the best practices
defect
a fault or imperfection or deficiency
durability
performance over a long period of time
goodwill
customers’ satisfaction with and loyalty to a company
reliability
regular performance according to specification
to scarp
to sell defective goods for the price of the recyclable materials they contain
serviceability
ease of maintainance and repair
warranty
a promise that goods will meet a certain specified quality level, or be repaired or replaced
tolerance
the amount by which a parameter can vary from the norm before the piece becomes a defect
ISO 9000
a set of international standards for quality management and assurance.
nonconformance
when a requirement has not been met. It doesn’t be a serious defect
six sigma
A well-known methodology aimed at improving process quality by identifying and eliminating defects.
Key performance indicators
(KPIs) are measurable values that demonstrate how effectively an organization is achieving key business objectives.
leading indicators
are metrics that predict future performance and outcomes, helping organizations make informed decisions.
lagging indicators
is a metric that reflects the success or failure of past activities, providing insights into longer-term performance trends.