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

Author

Listed:
  • Raul Mircea

    (Polytechnic University of Timisoara, Romania)

  • Corina-Maria Rusu

    (Polytechnic University of Timisoara, Romania)

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.

Suggested Citation

  • Raul Mircea & Corina-Maria Rusu, 2022. "Methods and Techniques Used in Evaluating the Quality and Profitability of a Company," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 679-685, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:679-685
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    More about this item

    Keywords

    quality management; techniques; decision; continuous improvement; production;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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