This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Step 1: Understand the question. The question asks to identify the fundamental concept upon which ISO 9001:2015 is based. Step 2: Evaluate the options in the context of ISO 9001:2015. First in First out (FIFO): This is an inventory management method, not a core principle of a Quality Management System (QMS). Process Approach: This is one of the seven quality management principles and a fundamental requirement of ISO 9001:2015. The standard emphasizes managing an organization's activities as interconnected processes to achieve consistent and predictable results. Just in time (JIT): This is a production strategy focused on minimizing inventory and increasing efficiency, not a foundational concept of the ISO 9001:2015 standard itself. Economic order quantity (EOQ): This is an inventory management formula used to determine the optimal order size, not a principle of a QMS. Step 3: Identify the correct fundamental concept. ISO 9001:2015 is explicitly structured around the Process Approach, which involves understanding and managing interrelated processes as a system to contribute to the organization's effectiveness and efficiency. The correct option is Process Approach. Send me the next one 📸