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Summary
Onthebasisoftheforegoingdiscussions,itisobservedthatHMTstop
managementiscommittedtowardsqualityandthereexistssystemsandprocedures
tospecifyqualitynormsandperformsaccordinglyandassuresconformanceto
specifications by systematic review techniques. However, there is a scope for
bringingdownreworkpercentage.Asfarasprofitabilityandfinancialstructureof
thecompanyisconcerned,itisfoundthat60%oftopmanagementfeelssatisfied
withexistingprofitabilitywhereas40%ofthetopmanagementisreallyanxiousto
raiseprofitabilitywiththehelpofqualitymanagementinthecompany.
Middle Management staff of Hindustan Machine Tools Limited is quite
conscious about quality management techniques and practices. But there is a
furtherneedforimprovingtheparticipationofmiddlemanagementemployeesby
making them more aware and conscious by imparting inhouse training and
exposingthemtooutsideorganizationsandalsotoHMTsvaluablecustomersfor
facetofacediscussionsonqualityoftheproductandqualityoftheservice.Asfar
as profitability is concerned, 90% of respondents form middle management
showedindifferentattitudetowardsprofitabilityenhancement.Only10%ofthem
showedtheirconcernforprofitabilityenhancement.Soitcanbesaidthatinspite
ofqualityconsciousness,concernforprofitabilityistoolesswhichneedstobe
improved.
WorkmenofHindustanMachineToolsLimitedarenotfullyawareofthe
qualitysystems,qualityproceduresandsuggestionschemes.Asfarasprofitability
is concerned, 95% of the workmen reported least concerned with the cost of
qualityimprovementandprofitabilityenhancement.
Onthewhole,thereisaneedtodevelopandimprovethecommunication
system to assure that all workmen fully learn the management policies about
quality,sothatqualityprogramsandmanagementsconsciousnessmayboostup
theCompanysturnoverandaddtotheprofitabilityoftheCompany.