What is quality?
Quality means “Performance upon expectations” and “fit for functions.”

A product is said to be of good quality if it satisfies the customer’s requirements in terms of performance, grade, durability, appearance, and intended use/purpose, etc.

What is material managment?
It is the core function of the supply chain system where it has to be planned and well executed. In the business sector, materials have to be managed efficiently by maintaining the flow of materials from the supplier to the manufacturer. And further, the manufacturer has to maintain sufficient inventory to ensure a…[Read more]