how can the phrase ‘doing it right the first time and better next
time’, be leveraged to aid industrialization in the face of the COVID-19 pandemic in Ghana
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Management of quality is an business term where businesses concentrate on accomplishing high-quality goals and performance by reducing wats, defects and product and procedure variations.
Explanation:
- Do it Right The First Time (DRIFT) is a management accounting approach or technique focusing on the elimination of waste and maximising production quality. Do it right The first time is part of quality control, which needs only the required inventory materials to reduce the prices of the inventory. DRIFT will help industries minimise production losses and improve productivity.
- In the time of COVID 19, where there is already a scarcity of resources and also the cost of resources have increased considerably, it is necessary that industries do not stock high inventory especially when there is lockdown and production is come to halt and sale too has declined. In such case, it is important that companies do not begin production until sales are recorded, therefore allowing inventory levels to remain low.
- Owing to the goal of reducing cost of idle inventories and raw materials, the value of Do It Right The First Time is obtained. DRIFT involves the procurement of only the necessary materials, that is intended to reduce inventory costs and boost quality efficiency. The JIT warehouse is the method of obtaining only the necessary materials. Under JIT, firms do not begin producing until transactions are registered, which cause stock levels to remain low. DRIFT 's suggestion is that management needs to make all of the procedures that are part of the JIT theory adequately and quickly such that the production process does not delay..
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