Practical Cost of Quality - The Rational Cost Cutting Strategies
Date: 4th-5th February 2008
Venue: Legend Hotel, Kuala Lumpur, Malaysia
(Click Here for The Session on 28th-29th January 2008)
Quality processes cannot be justified simply because "everyone else is doing them" - but return on quality (ROQ) has dramatic impacts as companies mature. Research shows that the costs of poor quality can range from 15%-40% of business costs (e.g., rework, returns or complaints, reduced service levels, lost revenue).
Most businesses do not know what their quality costs are because they do not keep reliable statistics. Finding and correcting mistakes consumes inordinately large portion resources.
Typically, the cost to eliminate a failure in the customer phase is five times greater than it is at the development or manufacturing phase. Effective quality management decreases production costs because the sooner an error is found and corrected, the less costly it will be.
Benefits
- Understanding the concept of Total Cost of Quality
- Learning to balance cost of prevention and cost of failures
- Appreciating the Return on Quality (ROQ) and Return on Investment (ROI)
- Developing a strategic Cost of Quality to reduce cost in operations
- Analyzing the cause of poor cost of quality (direct and indirect)
- Implementing actions to improve overall cost of quality for better profitability
Who Should Attend
Quality, Production, Operations Managers, Executives, Engineers and Supervisors who wish to improve on the quality, productivity and costing in their process line.
Workshop Format
HRDF
This workshop is HRDF SBL Scheme Claimable.Call Us Now!
Do not miss this 2-Day professional training - The investment is only RM 1690 per delegate, It's a small investment in future success. If you would like to have more information or would like to know about the fees for group registrations, please do not hesitate to contact us now.
Tel : (603) 40216000
Fax : (603) 40235716
Email : admin@gin-my.com
