K4. Demonstrate understanding within the field of accounting and finance and its environment.

UGB 262 Quality Management For Organisational Excellence Assessment 2019

Learning outcomes

Knowledge

K4. Demonstrate understanding within the field of accounting and finance and its environment.

K5. Have awareness ofthe role and scope of accountingand finance in the global business environment

Skills

S4. Command wide ranging specialised academic, technical and creative skills with regard to accounting andfinance.

S5. Diagnose problems, design solutions in a range of accounting, finance and management areas.

Assessment

Your work will be assessed against the following criteria:

1. Knowledge – Your work should show knowledge of the module content.

2. Understanding – Your report should demonstrate an understanding of UGB262 Quality Management for Organisational Excellence.

3. Insight – Your report should show an ability to analyse the ‘case study’ in the light of the module content and your own reading.

4. Clarity – Your report should be well structured and clearly presented. Notes: 1. The assignment must be presented in a form that complies with the basic conventions of a report format (see Guide to Basic Study Skills). An electronic copy must be submitted to Turnitin via ‘Canvas’. 2. Word count –3000 words

Quality Tooling Case Study

The Quality Tooling Company (QTC) was set up in the North East of England by a young graduate Engineer, in the early 1960’s. The main items of manufacture comprised engineers’ rules, engineering calipers, scribes (the initial product range, which supplied the local engineering industry) and then expanding to include micrometers and a limited range of specialist items which required high quality materials and skills to produce accurate and long-lasting items. Due to the decline of engineering in the North East of England and increased competition from globalization, QTC realised that, although the product range commanded great respect throughout the industry – from both customers and competitors, this course of business activity was untenable in the long term. An alternative, radical strategy had to be developed to ensure the survival of the business. The QTC production plant was well equipped with a strong financial base, the workforce was loyal, and many of whom had begun their employment from school or university and worked their way up the corporate ladder. The commitment and loyalty of the workforce is recognised and rewarded by the company in various ways, due to the owner’s philanthropic and moral beliefs and a willingness to embrace modern management principles. The son and daughter of the owner had also followed the QTC career path and were keen to give the business a 21st Century philosophy. The business had to evolve into a new, engineering-based entity. In 2010, an approach was made to QTC by the North-East Hospital Management Board, for the design and manufacture of hand held precision medical equipment, initially for research work. The Board had acquired funding to develop keyhole surgery and other pioneering treatment techniques. In 2012, the Board signed a two-year contract with QTC to manufacture these cutting-edge products on a larger scale. This new market has expanded rapidly over the last three years and QTC is receiving worldwide recognition for its product range and company image. QTC now realises that the business must project itself to customers, suppliers and investors as a world class, 21st Century organisation with vision, energy and conscience.

Assignment

As the newly appointed Quality Manager for the Quality Tooling Company, you have been asked by the Senior Management Team to prepare a 3000 word report to explain how you would introduce a companywide quality improvement strategy. This improvement strategy must include the Total Quality Management, Quality Assurance and Quality Control implications for QTC. You are also to explain how the improvement strategy would help to sustain the Culture of Quality in the organisation. Your assignment report should consist of:

1. An introduction which explains the focus of the assignment.

2. The main body of the text where you develop and explain how you would introduce a companywide quality improvement strategy in the Quality Tooling Company in line with the stipulations above which must include, Total Quality Management, Quality Assurance, Quality Control and the sustainability of the Culture of Quality.

3. A conclusion briefly reiterating the focus of the assignment and summarising the improvements you have identified.

4. Providing any reasonable recommendations - critical suggestions regarding the best course of action