Quality Cost Reduction Strategies (BE-05)
Allow businesses to trim their budgets while delivering a satisfactory product or service on time. Learn how to quantify the losses that are affecting your profit and how to reduce and control them so you can optimize your operation cost as much as possible. Learn to apply cost reduction strategies over time to reduce costs throughout an organization, especially in the areas of scrap, rework, defects/errors, field service, long lead time, unplanned stoppages and warranty cost leading to improved operational profits. Cost of poor quality costs companies millions of dollars each year, and its reduction can transform marginally successful companies into profitable ones. Increase team-based output and be prepared to lead and participate in cost reduction initiatives.
1. Quality Cost Concepts
-The Economics of Quality.
-Goal of A Quality Cost System.
-Taguchi Quality Loss Function.
-Management of Quality Costs.
2. Quality Cost System
-Quality Cost Categories, Elements and Bases.
-Hidden Quality Costs.
-Trend Analysis and The Improvement Process.
-Budgeting, Standardization and Control.
3. Quality Cost Program Implementation
-Leadership and Managing For Change.
-Quality Cost Education.
-Internal Quality Cost Procedure.
-Quality Cost Data Collection and Loss Analysis.
-Reporting and Evaluation.
4. Quality Cost Reduction And Continuous Improvement
-Quality Cost Improvement Philosophy.
-Quality Costs and The Profit.
-How to Reduce Quality Costs?.
-Supplier Quality Management.
5. Two Case Studies (Service and Manufacturing)
6. Project Discussion
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