<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Profitability | ELGi</title>
	<atom:link href="https://blog.elgi.com/tag/profitability/feed/" rel="self" type="application/rss+xml" />
	<link>https://blog.elgi.com</link>
	<description>A digital destination to share knowledge and industry insights on compressed air</description>
	<lastBuildDate>Fri, 18 Sep 2020 09:44:35 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://blog.elgi.com/wp-content/uploads/2020/09/ELGi-favicon.jpg</url>
	<title>Profitability | ELGi</title>
	<link>https://blog.elgi.com</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Total Quality Management – a strategic, competitive advantage building tool</title>
		<link>https://blog.elgi.com/knowledge-center/total-quality-management-a-strategic-competitive-advantage-building-tool/</link>
		
		<dc:creator><![CDATA[EBadmin]]></dc:creator>
		<pubDate>Fri, 10 Jan 2020 07:08:58 +0000</pubDate>
				<category><![CDATA[Global Stories]]></category>
		<category><![CDATA[Knowledge Center]]></category>
		<category><![CDATA[air compressors]]></category>
		<category><![CDATA[Competitive Advantage]]></category>
		<category><![CDATA[Compressed air]]></category>
		<category><![CDATA[Customer centricity]]></category>
		<category><![CDATA[Deming]]></category>
		<category><![CDATA[Efficiency]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Profitability]]></category>
		<category><![CDATA[Quality]]></category>
		<category><![CDATA[screw compressor]]></category>
		<category><![CDATA[Strategic]]></category>
		<category><![CDATA[Total Quality Management]]></category>
		<category><![CDATA[TQM]]></category>
		<guid isPermaLink="false">http://blog.elgi.com/?p=4419</guid>

					<description><![CDATA[<p>Quality is a key differentiator in a populated marketplace, driven by dynamic customer choices and competitive business offerings. Quality products make an important contribution to long-term revenue and profitability, building your brand value by simply letting your services and products, speak for themselves. ISO 9000’s definition of quality is the “degree to which a set &#8230; <a href="https://blog.elgi.com/knowledge-center/total-quality-management-a-strategic-competitive-advantage-building-tool/" class="more-link">Continue reading <span class="screen-reader-text">Total Quality Management – a strategic, competitive advantage building tool</span></a></p>
The post <a href="https://blog.elgi.com/knowledge-center/total-quality-management-a-strategic-competitive-advantage-building-tool/">Total Quality Management – a strategic, competitive advantage building tool</a> first appeared on <a href="https://blog.elgi.com">ELGi</a>.]]></description>
										<content:encoded><![CDATA[<p>Quality is a key differentiator in a populated marketplace, driven by dynamic customer choices and competitive business offerings. Quality products make an important contribution to long-term revenue and profitability, building your brand value by simply letting your services and products, speak for themselves.</p>
<p>ISO 9000’s definition of quality is the “degree to which a set of inherent characteristics fulfills requirement”.</p>
<p>So, we must consider the customer, the attributes of the product and the degree to which the product or service meets the needs of all stakeholders. Based on these characteristics we can define the quality of a product as “good”, “average”, “excellent”.</p>
<p>Adherence to a recognized quality standard is essential for dealing with certain customers or complying with legislation. If you sell products in regulated markets, such as health care, food or electrical goods, you must be able to comply with the health and safety compliance standards designed to protect consumer’s interests.</p>
<p>In today’s business environment, organizations face multiple challenges ranging from a global economic slowdown, challenging and agile competition, and technology that’s moving at lightening pace. And one of the ways in which an organization can build a strong, sustainable competitive advantage for itself, is via implementing <strong>Total quality management</strong> (TQM) practices.</p>The post <a href="https://blog.elgi.com/knowledge-center/total-quality-management-a-strategic-competitive-advantage-building-tool/">Total Quality Management – a strategic, competitive advantage building tool</a> first appeared on <a href="https://blog.elgi.com">ELGi</a>.]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
