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netineya [11]
3 years ago
11

One way to think about TQM is as a business philosophy centered around seven core ideas, or principles: __________ refers to com

panies expanding their TQM efforts to include supply chain partners. If members of the supply chain do not share the same commitment to TQM, quality will suffer because suppliers’ materials and services ultimately become part of the company’s product or service.
Business
2 answers:
Elena-2011 [213]3 years ago
6 0

Answer:supplier partnerships

Explanation:supplier partnership is a commitment over an extended time to work together to the mutual benefit of both parties, sharing relevant information and the risks and rewards of the relationship.

In quality control, extended relationship between buyers and sellers based on confidence, credibility, and mutual benefit. The buyer, on its part, provides long-term contracts and assurance of only a small number of competing suppliers. In reciprocation, the seller implements customer's suggestions and commits to continuous improvement in quality of product and delivery.

joja [24]3 years ago
6 0

Answer:

Supplier Partnership

Explanation:

Supplier Partnership can be defined as the way in which companies tries to expand their total quality management (TGM) in order to include the supply chain partner in which the relationship, between them involve a commitment over a long period of time period in which if members of the supply chain do not share the same commitment to TQM the quality will suffer although partnerships with suppliers have proven to be valuable and essential in many companies' supply strategy.

Total quality management (TQM) is important because it helps to reduce error especially in manufacturing supply chain management and also help to improve customer experience and customer satisfaction.

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The per-unit value of ending inventory on August 31= $15.42

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<em>The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received The explanation is completed using the table below with notes underneath</em>

The

Date     Narration          Qty        Unit cost($)      Total cost

Aug 2   Purchase          10             12                        120

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Aug 29                      <u> ( 20)</u>            13.8                    <u>(276 )</u>

                                      5                                          69

Aug 31                           <u>14</u>                 16                   <u> 224 </u>

Aug 31                          19            15.42 **                 293

Notes

*The average cost of 13.8 is the division of 345 by 25.

**The average cost of $15.42 is the division of 293 by 19

The per-unit value of ending inventory on August 31= $15.42

               

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