Answer:
Explanation:
Total quality management programs are the continual process of detecting and eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training. This constant change and improvement allow companies like GC Micro to continuously grow their business and in term their profits. Therefore, for a large company such as this one, $70 million is nothing compared to the amount of money they will profit by improving their business.
Programs for total quality management are a continuous process for finding and reducing production faults, optimizing the supply chain, and enhancing the customer experience.
The goal of total quality management is to "construct and sustain an environment where employees continuously enhance their capacity to deliver on-demand goods and services that customers will find particularly valuable."
Businesses like GC Micro strive to increase both their revenue and profitability over time. Therefore, $70 million is little in comparison to the amount of money this major firm will make from strengthening its business.
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