41. The inherent focus of TQM is on managing the total organization to deliver quality to the customer.
42. Although developed by a Japanese business manager, the quality movement is strongly associated with
American companies.
43. Benchmarking involves finding out what the customer wants.
44. A process whereby companies find out how others do something better than they do and then try to
imitate or improve on it refers to outsourcing.
45. The implementation of small, incremental improvements in all areas of the organization on an ongoing
basis refers to continuous improvement.
46. Six Sigma refers to an innovation mindset, used widely by Indian companies, that strives to meet
customers’ immediate needs quickly and inexpensively.
47. Supply chain management refers to the sequence of suppliers and purchasers, covering all stages of
processing from obtaining raw materials to distributing finished goods to consumers.
48. Customer relationship management systems collect and manage large amounts of data about customers
and make them available to employees.