Methods and Techniques Used in Evaluating the Quality and Profitability of a Company

Raul Mircea () and Corina-Maria Rusu ()
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Raul Mircea: Polytechnic University of Timisoara, Romania
Corina-Maria Rusu: Polytechnic University of Timisoara, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 2, 679-685

Abstract: The present study was set to validate and demonstrate the effectiveness and efficiency of quality methods and tools, the optimal correlation between objective and method, to find simple, cheap, fast and efficient tools for quality. The study shows us identifying simple ways for quality specialists, as well as increasing the share of real-time quality detection situations using quality techniques and methods correctly and in the necessary order. Correlating these quality tools with the impact on the economy and profitability of the company, by decreasing the radius of scrap and rework and by decreasing the risks of complaints and increasing customer satisfaction. The purpose of this paper is to present the means by which the company ensures that it fully satisfies the purchases made through its products. The quality control system is the main tool for achieving this goal.

Keywords: quality management; techniques; decision; continuous improvement; production (search for similar items in EconPapers)
JEL-codes: M11 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:679-685

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