|
Process Management And TQM Initiatives |
|
|
Page 2 of 4 Process Management Initiatives
These areas improve business procedures, resulting in improved efficiencies and cost structures:
- CPI (Continuous Process Improvement) Systems Reduces Material cost and to a lesser degree Labor costs;
- Vendor/JIT (Just in Time [Inventory]) Reduces Material costs and Administrative overhead;
- QIT (Quality Initiative Training) Reduces Labor costs;
- Channel Support Systems Increases the effectiveness of the Sales Budget, and therefore demand;
- Concurrent Engineering Reduces R&D cycle time, the time needed to move products on the Perceptual Map and to change MTBF specifications.
|
