Asked by Karen Gonzales on May 02, 2024
Verified
Why is Pareto analysis a particularly useful TQM tool?
Pareto Analysis
A statistical technique in decision-making used to select a limited number of tasks that produce significant overall effect.
TQM Tool
A technique, method, or process used in Total Quality Management to improve quality and performance in an organization.
- Explain the importance and application of Pareto analysis in TQM.
Verified Answer
LL
Levina LairensiaMay 03, 2024
Final Answer :
History shows that relatively few people and events are responsible for most results or impacts (roughly in a 20 percent to 80 percent relationship). By tallying instances of important outcomes on a bar chart, management's attention can be focused on high priority areas or problems.
Learning Objectives
- Explain the importance and application of Pareto analysis in TQM.