QMS meaning in Banking ?

Answer:

What is Quality Management System mean?

A quality management system (QMS) is a collection of business processes focused on consistently meeting customer requirements and enhancing their satisfaction. It is aligned with an organization's purpose and strategic direction (ISO 9001:2015). It is expressed as the organizational goals and aspirations, policies, processes, documented information and resources needed to implement and maintain it. Early quality management systems emphasized predictable outcomes of an industrial product production line, using simple statistics and random sampling. By the 20th century, labor inputs were typically the most costly inputs in most industrialized societies, so focus shifted to team cooperation and dynamics, especially the early signaling of problems via a continual 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 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.

The term "Quality Management System" and the initialism "QMS" were invented in 1991 by Ken Croucher, a British management consultant working on designing and implementing a generic model of a QMS within the IT industry.

reference

Full Form	Category
Quantitative Marine Science	Academic & Science
Quality Management System	Banking
Quality Management Services	Business
Quicksilver Messenger Service	Business
Quality Marketing Services	Business
Quality Management Systems, Inc.	Business
Quantum Merchant Services	Business
Qualified Mortgages	Business
Quality Management Systems	Business
Quality Management Software	Business
Queue Management System	Business
Quality Management Specialist	Business
Quality Management Solution	Business
Quispamsis Middle School	Community
Qualters Middle School	Community
Queensbury Middle School	Community
Queue Management Service	Computing
Quarantine Management Server	Computing
Quantitative Micro Software	Computing
Quality Micro System	Computing
Quality Monitoring Software	Computing
Quadra Mono Sonic	Electronics
Quadrupole Mass Spectroscopy	Electronics
Quadropole Mass Spectrometer	General
Question Method And Solution	General
A Quality Maintained Standards	General
Quick Messenger Service	General
Qatar Media Services	General
Q Morning Show	General
Quality Manufacturing Services	General
Quality Measurement System	General
Quality Mil Spec	General
Quick Media Switching	General
Quick Mail Service	General
Quality Machine Services	General
Qatar Motor Show	General
Quality Monitoring Station	General
Quarter Mile Slow	General
Quality Management Staff	Governmental
Quarter-Master Sergeant	Governmental
Quatsch Mit So??	International
Quatsch Mit Soße	International
Quantitative Medical Systems	Medical
Quadrupole Mass Spectrometer	Physics Related
Quality Meat Scotland	Regional