The cost of poor quality (COPQ) refers to the costs incurred from producing defective products that don’t meet an organization’s minimum quality standards.
Hear Tom Perkins, Operational Excellence Program Manager of SkyWater Technologies, share the success he has had by aligning the company’s quality objectives with their business goals.
As a company’s supplier list grows, so does the looming risk of a supplier quality failure. With even one recall able to decimate stock value and brand reputation, it’s up to manufacturers to proactively manage supplier quality — or face the eventual consequences.
Learn strategies to effectively communicate the value of quality initiatives to key stakeholders, and how to present compelling business cases that highlight the return on investment (ROI).
Enterprise resource planning (ERP) systems are crucial in integrating suppliers into the collaboration process and facilitating streamlined communication between your supplier and the rest of your organization. Integrating ERP systems with quality management systems (QMS) enables direct collaboration with your suppliers.
Learn why International Flavors and Fragrances believes harmonization is essential for delivering on a promise of high quality. Discover why harmonizing your quality environment can improve business agility, compliance and visibility across your organization.
The cost of poor quality (COPQ) is an important consideration for any organization looking to cut costs, but that doesn’t mean the cost of good quality should be sacrificed, too. Being proactive in avoiding the detrimental costs of poor quality reduces the overall cost of quality without sacrificing any element of the final product.
Many organizations might see quality as an expense that is a necessary evil, especially when they have proactive processes in place to avoid nonconformance. But the reality is that there’s a big difference between the costs of good quality and the costs associated with handling and fixing poor quality products. What is the Cost of Poor Quality?
Learn how tracking costs of incidents and nonconformances helped to drive the right decisions and savings for Mars.
Explore the impact of slashing waste by 30% and how reducing the cost of poor quality reshapes success in real-world scenarios.
Learn why the cost of poor quality is an issue that can affect any manufacturing organization and has severe implications for financial results.
Quality is everyone’s responsibility, but communicating its importance and the ripple effect it can have on your business can be a challenge. Learn why mid-market organizations are embracing quality management strategies to maintain their competitive advantage today.
