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Calculation And Analysis In The Efficiency Of Applying The Quality Management Systems Within Industrial Organizations

Author

Listed:
  • ANDREI DIAMANDESCU

    (Departament of Finance and Accounting, „Nicolae Titulescu” University, Bucharest, ROMANIA)

  • VIRGILIU-LUCIAN IONIȚĂ

    (Agenția pentru Finanțarea Investițiilor Rurale (A.F.I.R), Bucharest, ROMANIA)

Abstract

In this article we propose to illustrate the methodology of measuring and assessing the impact of quality systems on the performance of industrial businesses. If in terms of the total quality management system – TQM, the impact may be measured by comparing the business performance with a reference standard (for instance ISO 9001), which records the difference compared to the performance prior to implementing the TQM, or, on rarer occasions, by optimizing the costs of quality with the help of econometric models, for the integrated quality improvement system, comprising of the TQM system based on the ISO standards and the Kaizen management system, which we propose and assess within this article, the efficiency/performance will be measured through a methodology based on analyzing the evolution of financial indicators for business performance. This approach was implemented as a result of findings from the businesses where we have been provided with documentation, and where the calculation and assessment of quality system operation efficiency by optimizing costs using the classic or improved econometric models is not approved by the management.

Suggested Citation

  • Andrei Diamandescu & Virgiliu-Lucian Ioniță, 2015. "Calculation And Analysis In The Efficiency Of Applying The Quality Management Systems Within Industrial Organizations," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(2), pages 124-131, November.
    • Handle: RePEc:ntu:ntugeo:vol3-iss2-15-124
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    References listed on IDEAS

    as
    1. Andrei DIAMANDESCU & Florin POPESCU & Virgiliu-Lucian IONIȚĂ, 2014. "Economic Impact Of Non-Quality Costs In Organizations," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 31, pages 421-425, November.
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      More about this item

      Keywords

      quality management; quality system; efficiency; improvement; method.;
      All these keywords.

      JEL classification:

      • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
      • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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