Cost Of Quality: Finance
INTRODUCTION
Cost of Quality provides an excellent means to measure and track costs associated with poor quality, quality improvement and quality control. But, it requires commitment from a wide range of functions throughout an organization. These groups need to have a common understanding of COQ and need to work together to establish meaningful measures.
Improve customer satisfaction, competitiveness, and financial performance by understanding the link between quality improvement and profits. Learn to select, manage, and strategically use the cost of quality (CoQ) improvement projects within your organization. Surveys show the vast majority of companies either overlook or are unaware of the concept of CoQ. Quality costs (actual plus hidden) can amount to a large proportion of sales, often 25 per cent or more.
Learn to successfully use CoQ to help strategically manage your improvement projects with bottom-line results. Also, Learn to use the cost of quality concepts to manage business improvement and maximize the bottom line.
OBJECTIVES
By the end of the Cost Of Quality: Finance For Continuous Improvement Course you will learn:
Analyze and apply key cost of quality principles, including critical success factors.
Apply CoQ to different types of improvement initiatives and perform calculations regarding supplier CoQ.
Describe how project?based and systematic quality approaches support and benefit each other.
Use CoQ data collection and analysis strategies to meet business goals of reducing risks and lowering costs.
Identify key change leadership principles that can help enable CoQ implementations
WHO SHOULD ATTEND ?
Cost Of Quality: Finance For Continuous Improvement Course is ideal for:
Professionals seeking to initiate cost-based measurement or improvement programs in their respective organizations or to add to their knowledge of effective measurement systems and quality standards would benefit from taking this course.
COURSE OUTLINE
Day 1
Foundations of Cost of Quality
Historical quality and cost of quality milestones
Key change strategies and critical success factors that can assist efforts to implement cost of quality measures
The cornerstone prevention, appraisal, and failure (PAF) model
Characteristics of successful cost of quality implementations and links to continuous improvement
Day 2
Applying Cost of Quality
Applying CoQ to different types of quality initiatives
Applying CoQ to different business environments
Day 3
Blending Project-Based and Systematic Quality Approaches
How They Can Support and Benefit Each Other
Day 4
Collecting and Analyzing CoQ Data
Reducing risk
Lowering cost
Other business objectives Day 5
Using Cost of Quality for Continuous Improvement
Change Leadership Principles
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00AM12:45PM Or 01:00PM - 05:00PM.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT INFO
LONDON
Oxford Street, 25 N Row, London W1K 6DJ
+44 20 36 916 970 | +44 20 80 900 464 info@lpcentre.com
DUBAI
Business Bay, ParkLane Tower, Offices 718 - 719
+971 43 88 00 94
dubai.training@lpcentre.com
KUALA LUMPUR
No. 3273 Level 32, Menara Prestige, 1, Jalan Pinang, 50450 Kuala Lumpur +60 19 305 5694
www.lpcentre.com
www.lpcentre.com