As a key factor of competitiveness, you must manage cost all the time, not only in times of economic downturn. Reducing the Cost Of Quality (COQ) program helps achieve this.
This training fits well into any improvement initiative, including TQM and Lean management. The COQ methodology instills a practical approach to quantifying the financial impact of the Cost Of Non-Conformance (CONC) and the Cost Of Conformance (COC).
By teaching this presentation, you can improve the company culture and improve the bottom line. This presentation changes employees problem solving focus from quick fix solutions to preventing issues before they occur. This course teaches the skills to prioritize quality improvement opportunities based on the expected financial return.
Understand the principles and basic concepts of the Cost of Quality (COQ)
Understand how quality improvement reduces costs
Calculate COQ and conduct COQ assessments
Identify COQ cost drivers within your organization
Develop a COQ strategy
Use COQ to drive prevention in your organization
Apply COQ to manage improvement projects in your organization
Introduction & Basic Concepts of COQ
Business case for quality
Phase 1: Identifying COQ Items
Phase 2: Collecting COQ Data
Phase 3: Analyzing COQ Data
Phase 4: Reducing COQ & Improving Quality
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