Cost Of Quality for Medical Devices - Theory to Implementation

The business environment is becoming more competitive. Many businesses promote quality as a core customer value and see it as a critical success factor in achieving competitiveness.

How could one assess the effectiveness of a Quality Management System? The best way to do that, is by using the ultimate transfer unit: MONEY!

The purpose of a firm is to Make Money, the purpose of a QMS is to enable the firm to produce, and therefore - generate money with minimum losses that are reflected by failures.

The principles are known, but it is done? 

This lecture will give the listener the basic know-how to establish a Cost of Quality mechanism for a company: Easy to gather data, easy to implement, and easy to support!

Quality is a managerial practice aimed to increase organization’s efficiency. That efficiency is measured by costs.

If there are lawsuits and fines, they add to the costs and can bring a business to its knees. While it is difficult to say how much it costs to produce a high-quality product, it is much easier to calculate how much it will cost a company that ignores quality.

How Quality assists with Cost Effectiveness?

This webinar will discuss how to implement effectively a Cost of Quality System (Data collection, Analysis and Metrics) using the mechanism of 6Sigma—DMAIC.

The presentation will address Costs of Failure and Costs of Appraisal.

• What is Cost of Quality?
• The Regulatory Motivation of Cost of Quality
• Economics of Quality
• Cost of Quality Appraisal
• Cost of Quality Failure
• 6Sigma – DMAIC
• 6Sigma – DMADV
• Effectiveness of Quality

The webinar will benefit:

• Engineers
• QA Managers
• QC Managers
• QA Engineers
• Project Management Personnel