This post picks up on Parts 1, 2, 3 and 4 and examines the fourth of Deming’s 14 Management Points, which urges: End the practice of awarding business on the basis of price tag. Instead, minimize total cost. Move towards a single supplier for any one item, on a long-term relationship of loyalty and trust” [...]
Filed under: General | Tagged: Supply chain, Total Cost of Ownership, Total Quality | Leave a Comment »
