Why Is Pareto Analysis a Particularly Useful TQM Tool

question 54

Essay

Why is Pareto analysis a particularly useful TQM tool?

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

IT Departments

Internal divisions within organizations responsible for deploying, managing, and maintaining information technology systems and services.

BYOD

Bring Your Own Device, a policy allowing employees to use their personal devices for work purposes.

Mass Customization

A production and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.