Question

In: Accounting

Quality Assurance in Foundry Quality Foundry was established in the mid 2000’s in a 300 square...

Quality Assurance in Foundry

Quality Foundry was established in the mid 2000’s in a 300 square metre building with 10 people as a small family business to produce castings. In the 2000s as business grew, the company expanded its facilities and its capability to develop its own tooling patterns and eventually moved into a 4000 square metre building. Over this time period from 2000s to 2010s, the foundry industry
declined from more than 1200 companies to about 400.

With such a shrinking market, Quality Foundry began to listen more to its customers. They discovered that customers were not happy with the quality of the products supplied by them. In 2000, Quality Foundry made a commitment to quality by hiring a quality assurance manager Mr.Jim. Mr. Jim felt that the top management was committed to quality and saw an opportunity to change the company's culture. He also firmly believed in Deming's philosophy. The
first thing he did was to work with top management to develop a mission statement which reads as below: Our mission at Quality Foundry is to improve the return on investment. We can achieve this by changing attitudes and incorporating a quality team environment. This will improve the quality of our products, enhance our productivity and elevate our service and response level to our customers.

As we are in a low-growth, mature market arid the standards for competitive levels of quality and service are becoming more demanding, we must develop a strategy to improve quality and responsiveness in all areas of the company in order to improve our return on investment. We need to have all employees recognize the importance of product quality and service and move toward
more favorable pricing. We need to change thinking throughout the organization to get employees involved, to encourage team work, to develop a more flexible workforce and adaptable organization. We need to instill pride in the work place and the product.

Under Mr.Jim's direction, Quality Foundry made some substantial improvements in the quality of castings, particularly reducing scrap and reject rates. Mr.Jim worked closely with the factory workers directly responsible for the products, asking them what they needed to get the job done and ensuring management commitment to provide the necessary resources. Quality Foundry
invested in new control equipments for furnaces to control temperatures with digital read out. This helped the workers to adjust the process as needed. The success of this project led the company to empower employees to control many other aspects of the system.

Five years later, the chief executive officer (CEO) of Quality Foundry retired and the General Manager of a manufacturing company was appointed as the new CEO. The new CEO felt that the mission statement did not provide a clear direction. Consequently, he set up a new task for senior management (including Mr. Jim) to develop a new strategic vision.

Answer the following Questions with 150-200 words each.
1. Comment on the current mission statement of the company. Does it provide a strategic direction necessary for success for Quality Foundry?   

2. If you are Quality Assurance Manager, How can the mission statement be improved? Suggest a better statement of mission and vision.

Solutions

Expert Solution

(1) .Mission statement of Quality Foundry is Improve return on investment. Mission of the company can be achieved by changing attitude and incorporating quality team. This will improve quality and enhance productivity, better customer service.

Based on above Quality foundry is focusing on better customer service by listening to them, developing strategy to improve, improve return on investment, friendly work environment within industry, encourage team work.

Quality foundry wanted to achieve their mission by working with top management. Following are the important elements of their mission.

1.Customer satisfaction- Listening to customers and provide solution, better service to them. Growth of the entity mostly depend on Happy customers.

2. Quality- Factor responsible for improved Return on investment is quality. Quality of product makes the people happy. Quality reduce the defects and rejections.

3. Co operation-. Friendly work environment is important for the health of industry. Workers Co operation with each other and building team work has beneficial for the growth.

Company also believe in Demings 14 points

1.Improve productivity and service,

2.Adopt new philosophy

3.Cease independenc on inspection for quality

4. Minimize total cost

5.Provide training on job

6. Drive out of fear

7. Focus on planning

8.Remove barriers between staff

9. Remove barrier between peoples

10.Eliminate slogans , targets for workers

11. Everybody's contribution is important

12.Eliminate quotas to workers and goal to management

13. Self improvement to everyone.

14. Adapt leadership.

Based on above mentioned, it provides strategic direction to succeed of Quality Foundry.

(2) Companies Mission statement can be improved by way of

Keeping short and concise

It should not be essay

It focus on long term

It should not be too limiting

It should be based on what your employees think.

Customer feedback should be considered

To making changes, don't be afraid.

Following is the better statement of mission and Vision

Mission statement defines companies business and objectives. Where as Vision is the goals desired future of the company.

*Vision statement

Create better economic opportunity and development to the company

Create employment opportunities

Making innovation to fulfill everything

*Mission statement

1.Build the best product for the company

2.Improve communication and connecting with people within and outside industry

3.Working hard for improvement in quality day by day

4.Deliver best service to customers

5.To create and promot better work environment.

6.Planning should be undertaken to better productivity of the company

7.Providing Training to employees.


Related Solutions

Define quality, quality control, quality assurance, total quality management, corporates social resposibility.
Define quality, quality control, quality assurance, total quality management, corporates social resposibility.
Flow enters a heated duct at v1 = 2000 m/s, T1 = 300 K, and q...
Flow enters a heated duct at v1 = 2000 m/s, T1 = 300 K, and q = 5 x 105 J/kg. Find Mach1 and Mach2 for He, Ne, Ar, Kr, and Xe
evelop a plan for performing quality assurance and quality control on this project. Identify the project...
evelop a plan for performing quality assurance and quality control on this project. Identify the project deliverables. Determine the quality criteria for each project deliverable. Identify the quality control tasks needed to control quality. Determine quality assurance activities required to assure quality. Prepare an action plan: Assign the person responsible for each quality control and assurance activity, and time frame to complete the activity.
How should Quality Assurance and Quality Control be executed on a stadium construction project?
How should Quality Assurance and Quality Control be executed on a stadium construction project?
explain quality-assurance logs related to sterilization procedures.
explain quality-assurance logs related to sterilization procedures.
Define software quality management and software quality. How does a quality assurance team play a role...
Define software quality management and software quality. How does a quality assurance team play a role in this? what does the quality assurance testing process involve?
Explain how the following three terms related to each other: Quality planning, quality assurance and quality...
Explain how the following three terms related to each other: Quality planning, quality assurance and quality control
Density requirements of soils are critical to the QC/QA (quality control and quality assurance) of compacted...
Density requirements of soils are critical to the QC/QA (quality control and quality assurance) of compacted borrows in the construction of earth structures, like earth dams and highway embankments. a) How the density requirements can be established? b) Give different methods for the field density check and explain how each works.
Auditing and Assurance Distinguish between the terms ‘Audit Quality’ and “Quality Audit” from the perspectives of...
Auditing and Assurance Distinguish between the terms ‘Audit Quality’ and “Quality Audit” from the perspectives of The Academician; and The Regulator and Practitioner of the Accounting Profession Required: With empirical evidence: Examine the factors influencing the level and extent of compliance with audit quality standards (ISA 220 and ISQC 1) by auditing firms in Ghana. Evaluate the impact of the regulator’s monitoring on compliance with audit quality Standards in any developing economy of your choice; Assess the effect of the...
a) differentiate quality from quality assurance. b) Suppliers should be chosen with the sole aim of...
a) differentiate quality from quality assurance. b) Suppliers should be chosen with the sole aim of maximum value for the company. Courtesy and equitable dealings with sales representatives create goodwill and establish. State and explain six categories of electronic commerce business models that could be used. c) If standards are to be maintained in the Industry it is essential that those associated with construction must be provided with knowledge and mental skills. Suitable education to this end is therefore necessary...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT