This presentation walks through holistic methods for determining and conveying the true cost of quality in high-complexity manufacturing environments. It will discuss and demonstrate the effect that improved quality measurement techniques can have on the cost of scrap, rework, inventory and customer responsiveness – costs that are often large yet frequently not realized by management – and offer easy methodologies and tools to help attendees measure these costs.
- Recognize the drivers that determine the Cost of Quality in their production processes
- Effectively justify the financial benefits of investing in modern quality management tools and technologies
- Understand the latest developments in the fields of quality management, inspection and metrology, and how they can be exploited for increased bottom-line profits in their businesses