The relationship between total quality management and cost management techniques with unlimited improvement: An application on improving performance of Libya industrial companies

In the late 20th century and the beginning of the 21st century, the competition among international industrial companies in particular to obtain the largest share of the market increased. The importance of integration between TQM and cost management techniques has increased with the adoption of an unlimited improvement approach to improve the financial and operational performance of these companies. Therefore, this study was mainly aimed at understanding the complementary relationship between total quality management, cost management techniques, and unlimited improvement in improving the performance of the Libyan industrial companies by looking at the existence of this relationship in the practical reality of the Libyan industrial companies. The study was based on the descriptive analytical method. The study focused on the practical aspect of data collection. The questionnaire was designed to test hypotheses. The study society consists of general managers, quality supervisors, directors of financial departments, heads of financial departments and quality control in Libyan Industrial companies. Where the study reached a number of results, the most important of which: the existence of a positive relationship of statistical significance between TQM and improving the performance of Libyan industrial companies. There is a statistically significant positive relationship between TQM and cost management techniques in Libyan industrial companies. The existence of a positive relationship of statistical significance between the techniques of cost management and performance improvement in the Libyan industrial companies. The existence of a positive relationship with statistical significance between improving performance and unlimited performance in the Libyan industrial companies. Based on the findings of the study, it is recommended that corporate departments make every effort to continue continuous and unlimited improvements to enhance performance by adopting a clear methodology and a good work plan. Key Words: Total Quality Management; Cost management techniques; Unlimited improvement; performance improvement; and Integration relation. 2019, ..... pages