Total Quality Management is one of the biggest secrets behind the financial success and stability of major organizations. TQM principle mainly focuses on the strategy that all the members of an organization from the highest to the lowest level must focus on the quality of the product and services so that their customers will meet satisfaction.
Total Quality Management holds great importance in the development and growth of an organization because it provides the basis to detect, analyze, and eliminate any errors in the manufacturing of products. Let’s have a look at the important role of TQM in an organization.
Importance of Total Quality Management
Role of TQM in Employee development
When a company mainly focuses on providing the customers with the highest quality of experience, it detectsall deficiencies of skills in employees, so they put all their effort to eliminate those deficiencies and provide the relevant training to the staff members so that there would be no compromise on the quality of services. Hence, TQM plays an important role in the development and training of employees.
Role of TQM in customer satisfaction
We all know that a company only succeeds when its customers provide it with positive feedbacks. If the quality of products or services provided by a company doesn’t please its customers, they will surely give the negative remarks about that organization which will result in the disgrace of that company.
So by acquiring Total Quality Management, a company ensures to get no negative feedback from the clients as it is providing the customers with the highest quality experience and thus leaving the customer with complete satisfaction.
Impeccable quality of products
A product is the root of a company, if there are any defects and faults in the product then the company will surely have to face downfall because when a company begins to focus more on repairing of the product rather than maintaining its quality then there is going to be a great loss of both, time and money moreover the company will lose its customer’s trust.
That’s why the first rule of TQM is that a product must be created 100% flawless and faultless so that there would be no chances of product defects, and so the quality of the product could be maintained.
Cost Reduction
When the quality of a product is not maintained from the beginning, the number of products with defects will increase and the company would have to invest more money on the product to repair its defect and faults and this will be enough to break their backs. But once the high quality of the product is maintained, there would be no chances of receiving any recalls. Thus TQM does play an important role in cost reduction.
Final Words
Total Quality Management is no doubt, the most important factor of success behind any organization. It holds great importance when it comes to the growth and development of an organization along with its staff members. Total Quality management makes it easy for a company to maintain its position in the market. Without TQM, it would become difficult for an organization to compete and will once have to face severe downfall and loss.
Reference:
https://businessfinancearticles.org/7-principles-of-total-quality-management
https://www.cebos.com/blog/how-can-tqm-make-your-business-more-successful/
https://www.investopedia.com/terms/t/total-quality-management-tqm.asp
