Quantitative management is not a modern business idea but a management theory that came into existence after World War II. Business owners initially used it in Japan to pick up the pieces of the devastation caused by the war and started taking baby steps toward reconstruction. It focuses on the following elements of business operations: Customer satisfaction Business value enhancement Empowerment of employees Creating synergy among teams Creating quality products Preventing defects Being responsible for quality Focusing on continuous improvement Leveraging statistical measurement Remaining focused on the processes Commitment to refinement and learning Quantitative techniques in management as a collection of mathematical and statistical tools. They’re known by different names, such as management science or operation research. In modern business methods, statistical techniques are also viewed as a part of quantitative management techniques. When appropriately used, quantitative approaches to management can become a powerful means of analysis, leading to effective decision-making. These techniques help resolve complex business problems by leveraging systematic and scientific methods.