This document defines Total Quality Management and outlines its key principles and tools. It discusses the need for TQM to develop world-class organizations, continuously reduce costs and improve quality. The pillars of TQM are identified as products, processes, systems, people and leadership. Quality improvement tools like histograms, Pareto charts, scatter diagrams and control charts are presented. The economic justification of TQM is that it leads to lower costs and higher profits for companies that implement it properly. The advantages of TQM include improved competitiveness, profitability, sales and market share.