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Total Quality Management
Quality management has become one of the most important factors considered by the top management today. Managers place a lot of emphasis on quality today because of the demands of consumers who have become more knowledgeable about what they need and the value that consumers place on quality. The two main priorities that deal with quality are high performance design and consistency in quality levels.
Customer driven definitions of quality
Conformance to specifications: Consumers place heavy emphasis on quality these days and they expect that the goods they have purchased either meet or exceed the levels of performance that have been advertised. Even in the service sector where tangible outputs are not produced conformance to specifications play a big role. The performance levels deal with factors such as on time delivery or response time for delivery companies such as FedEx or UPS.
Value: Consumers today believe in paying for a product according to the value it provides. People do not want to pay high amounts of money for items that do not perform to the expected levels of performance these days.
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