Deming Prize

Deming Prize
Gen Mgt
an annual award to a company that has achieved significant performance improvement through the successful application of company-wide quality control. The Deming Prize was established in recognition of the work carried out by W. Edwards Deming in postwar Japan to improve manufacturing quality by reducing the potential for error. The Deming Prize has been awarded annually since 1951 by the Union of Japanese Scientists and Engineers. Contenders have to be able to demonstrate that, by applying the disciplines outlined by the assessment components, the productivity, growth, and financial performance of the organization have been improved. Entrants require substantial resource in order to be able to submit their entry, which can take years to prepare. The focus of the Deming Prize reflects a rigor for the identification and elimination of defects through teamwork. The prize was also the first to apply the process of self-assessment, which has been adopted by other models such as the Malcolm Baldrige National Quality Award and the EFQM Excellence Model.

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