Quality Systems Net Worth is$448 M Sales
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A quality management system (QMS) can be expressed as the organizational structure, procedures, processes and resources needed to implement quality management. Early systems emphasized predictable outcomes of an industrial product production line, using simple statistics and random sampling. By the 20th century, labour inputs were typically the most costly inputs in most industrialized societies, so focus shifted to team cooperation and dynamics, especially the early signalling of problems via a continuous improvement cycle. In the 21st century, QMS has tended to converge with sustainability and transparency initiatives, as both investor and customer satisfaction and perceived quality is increasingly tied to these factors. Of all QMS regimes, the ISO 9000 family of standards is probably the most widely implemented worldwide - the ISO 19011 audit regime applies to both, and deals with quality and sustainability and their integration.
Other QMS, e.g. Natural Step, focus on sustainability issues and assume that other quality problems will be reduced as result of the systematic thinking, transparency, documentation and diagnostic discipline that sustainability focus implies. See sustainability for more on this approach to quality management.
The concept of quality as we think of it now first emerged out of the Industrial Revolution. Previously goods had been made from start to finish by the same person or team of people, with handcrafting and tweaking the product to meet 'quality criteria'. Mass production brought huge teams of people together to work on specific stages of production where one person would not necessarily complete a product from start to finish. In the late 19th century pioneers such as Frederick Winslow Taylor and Henry Ford recognized the limitations of the methods being used in mass production at the time and the subsequent varying quality of output. Birland established Quality Departments to oversee the quality of production and rectifying of

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Quality Systems Latest News

Quality Systems (QSII) Tops Q4 EPS by 3c, Beats on Revenues; Offers FY19 EPS/Revenue Mid-Point Outlooks Below Consensus

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Quality Systems (NASDAQ: QSII) reported Q4 EPS of $0.16, $0.03 better than the analyst estimate of $0.13. Revenue for the quarter came in at $ ...
Posted: May 24, 2018, 4:21 pm

Quality Systems (QSII) Q4 Earnings: Is a Beat in Store?

Quality Systems, Inc’s (QSII - Free Report) fourth-quarter fiscal 2018 earnings are scheduled to release on May 24. Lucrative prospects in Revenue Cycle Management (“RCM”) services, solid recurring revenue base and high demand for NextGen solutions ...
Posted: May 22, 2018, 6:37 am

Quality Systems (QSII) Is Surging On Better Than Expected Q4 Earnings

(RTTNews.com) - Quality Systems ( QSII) reported fourth quarter adjusted EPS of $0.16 after the close Thursday, which topped the consensus estimate of $0.13. Quality Systems gapped up at the open Friday and has risen sharply in early trade. Shares are now ...
Posted: May 25, 2018, 6:46 am
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