Tag (SQ): Activity Based Management

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MA – L2 – Q6 – Total Quality Management

List key aspects of TQM, explain quality-related costs, describe JIT management, and explain activity-based management.

6 TOTAL QUALITY

(a) List the key aspects of Total Quality Management (TQM).

(b) What are quality-related costs? What is the TQM approach to quality-related costs, and how does this differ from the more traditional approach to these costs? (6 marks)

(c) List the key aspects of just-in-time (JIT) management.

(d) Briefly explain the nature of activity based management (ABM).

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