RECENT ADVANCES IN COST

AUDITING AND COST SYSTEM

TOTAL QUALITY MANAGEMENT(TQM)
NAME : GAVALI AJAY DATTATRAY
ROLL NO. : 5702
CLASS : M.COM PART-II
 IN THIS PRESENTATION

• MEANING OF TQM
• OBJECTIVES OF TQM
• ADVANTAGES OF TQM
• DISADVANTAGES OF TQM
 MEANING

• TOTAL QUALITY MANAGEMENT (TQM) IS THE CONTINUAL PROCESS OF

DETECTING AND REDUCING OR ELIMINATING ERRORS IN MANUFACTURING,
STREAMLINING SUPPLY CHAIN MANAGEMENT, IMPROVING THE CUSTOMER
EXPERIENCE, AND ENSURING THAT EMPLOYEES ARE UP TO SPEED WITH
TRAINING.
• TOTAL QUALITY MANAGEMENT AIMS TO HOLD ALL PARTIES INVOLVED IN THE
PRODUCTION PROCESS ACCOUNTABLE FOR THE OVERALL QUALITY OF THE
FINAL PRODUCT OR SERVICE.
 OBJECTIVES

• INCREASES EFFICIENCY
• ENCOURAGES CUSTOMERS SATISFACTION
• IMPROVES ORGANIZATIONAL DEVELOPMENT
• FLEXIBILITY
• SUPPLIER PARTNERSHIPS AND MUTUALLY BENEFICIAL RELATIONSHIPS
• DATA-DRIVEN DECISION-MAKING
• RECOGNITION AND REWARD SYSTEMS FOR QUALITY PERFORMANCE
 ADVANTAGES OF TQM

• COST REDUCTION
• IMPROVED QUALITY
• ENHANCED CUSTOMER SATISFACTION
• STRONGER COMPETITIVE POSITION
• BETTER SUPPLIER RELATIONSHIPS
• CONTINUOUS REVIEW PROJECTS
 DISADVANTAGES OF TQM

• SIGNIFICANT CHANGE IN ORGANIZATION

• HIGH IMPLEMENTATION COSTS
• RESISTANCE TO CHANGE
• COMPLEXITY
THANK YOU!