TQM is a management approach focused on continuous improvement, customer satisfaction, and employee involvement in quality control processes.

Benefits include reduced costs, improved quality, shorter lead times, increased flexibility, and better customer satisfaction.

Robotics improves manufacturing by increasing efficiency, precision, and safety, while also reducing labor costs and repetitive tasks.

IoT connects devices and equipment in factories to collect and exchange data, enabling real-time monitoring, remote control, and predictive maintenance.

Key components include sourcing, production, inventory management, distribution, and customer service.