COST OF QUALITY & HOW TO REDUCE COPQ

In the present competitive scenario, Cost & Quality goes hand in hand for sustainable profitable growth in the business. Understanding the concept of Cost of Quality is important at all levels & functions to focus on non value added activities/elements which directly impacts the profitability to the organization. Increased customer satisfaction, productivity, market share & high employee morale are added benefits. The cost of poor quality (COPQ) can be well addressed through a very popular tool like Six Sigma. The DMAIC methodology used worldwide helps in addressing such issues. Hence basics of Cost of Quality & Six Sigma which are complementary to each other needs to be understood at operating/functional level.

FOCUS AREAS

• The concept of Cost of Quality & Cost of Poor Quality (COPQ)
• Cost of Conformance (Preventive & Appraisal cost)
• Cost of Non-conformance ( Internal & External Failure)
• Identification & capturing of various cost elements by a deep drive
• Action planning to focus on COPQ
• Benefits & Best Practices
• Basics of Six Sigma Methodology
• Five Phases of DMAIC
• Phase wise actions & use of statistical tools
• Benefits with Case study
• Mumbai Dabbewala Example
• Sharing of Participants experience

For more details visit https://gohyp.com/event/cost-quality-reduce-copq-2/
 

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