OVERVIEW
The business environment is becoming more competitive. Many businesses promote quality as a core customer value and see it as a critical success factor in achieving competitiveness.
How could one assess the effectiveness of a Quality Management System? The best way to do that, is by using the ultimate transfer unit: MONEY!
The purpose of a firm is to Make Money, the purpose of a QMS is to enable the firm to produce, and therefore – generate money with minimum losses that are reflected by failures.
The principles are known, but it is done?
This lecture will give the listener the basic know-how to establish a Cost of Quality mechanism for a company: Easy to gather data, easy to implement, and easy to support!
WHY SHOULD YOU ATTEND?
Quality is a managerial practice aimed to increase organization’s efficiency. That efficiency is measured by costs.
If there are lawsuits and fines, they add to the costs and can bring a business to its knees. While it is difficult to say how much it costs to produce a high-quality product, it is much easier to calculate how much it will cost a company that ignores quality.
How Quality assists with Cost Effectiveness?
This webinar will discuss how to implement effectively a Cost of Quality System (Data collection, Analysis and Metrics) using the mechanism of 6Sigma—DMAIC.
The presentation will address Costs of Failure and Costs of Appraisal.
AREAS COVERED
What is Cost of Quality?
The Regulatory Motivation of Cost of Quality
Economics of Quality
Cost of Quality Appraisal
Cost of Quality Failure
6Sigma – DMAIC
6Sigma – DMADV
Effectiveness of Quality
WHO WILL BENEFIT?
The webinar will benefit:
Engineers
QA Managers
QC Managers
QA Engineers
Project Management Personnel
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