Cost of Poor Quality can make an organization lose 25% to 35% of sales amount due to variety of reasons like warranty, compliant servicing, scraps, redesign, resources and capacity loss due to rework and reprocessing, free replacement delivery, loss of management time, loss of orders, loss of interest in delayed payments and loss of customers. Cost is inversely proportional to Poor Quality. A quality complaint can lead to multiple ripple effects that can impact 10 X or more than just the replacement cost due to above reasons.
Hence, it is the responsibility for all professionals in every organization to identify, measure, analyse, reduce and prevent poor quality from being generated in every process and activity to contribute in reducing cost and ensure profitability. It is all the more imperative today when many organizations are struggling for profitability and Government of India is prioritizing ‘Make in India’ for both local consumptions and global supplies.
Keeping this in view, Indian Machine Tool Manufacturers' Association (IMTMA) is organizing a 2 day programme on "Cost of Quality and how to reduce Cost of Poor Quality" on 25 and 26 February 2020 at Bangalore.
After undergoing the programme, the participants will be able to -
IMTMA Members / Micro Companies
IMTMA Non Members/ Others
Group Concession : 5% for 3 to 5 and 10% for 6 and more delegates being nominated from the same company
Special concession available for Faculty & Students from engineering colleges
(subject to availability of seats)