What Does "OC" Stand For

question 50

Short Answer

What does "OC" stand for?

Comprehend Deming's 14 points for management and the significance of "the transformation."

Understand the process of performance appraisals and strategic planning as control subsystems.

Grasp the concept and application of Deming's PDCA cycle.

Explain the importance and application of Pareto analysis in TQM.

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Definitions:

Capacity-Sustaining Cost

Costs incurred to maintain the production capacity of a company at current levels, including costs for maintenance and repair of equipment.

Batch-Level Cost

Costs that are incurred as a result of producing a batch of products, rather than the production process as a whole.

Unit-Level Cost

A cost that is directly incurred for each unit of production or service provided.

Cost Pools

The accumulation of costs related to an indirect activity.