Finding the ROI in Your Quality System
Process and Quality Management departments possess the competence to manage and improve their manufacturing processes, reduce costs and increase yields. However, they are often unprepared when it comes to demonstrating Return on Investment (ROI) to management whether selling a new project or funding ongoing quality management operations.
The irony is that the quality department collects large amounts of data as part of their daily operations. Their view of the process is usually one of the most quantitative in the entire company. How can the department make the leap from this collection of data to a strong defensible position on an operational ROI?
On Thursday August 11, 11 AM PDT/2PM EDT, Louis Halvorsen, CTO, Northwest Analytics, will discuss how to develop the ROI of quality systems with supporting studies including defect reduction and fill weight control.