Explain the Difference Between the Baldrige Performance Excellence Program and ISO

question 90

Essay

Explain the difference between the Baldrige Performance Excellence Program and ISO 9001:2008.

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Definitions:

Raw Material Purchases

The cost associated with acquiring raw materials needed for production.

Credit Sales

Credit sales are transactions where the customer purchases goods or services on account, paying at a future date rather than at the time of purchase.

Finished Goods Inventory

The stock of completed products ready for sale but not yet sold at the end of an accounting period.

Required Production

The quantity of goods a company needs to produce in a specific period to meet its sales goals and inventory requirements.