Cost of Poor Quality (COPQ) Management for Excellence
This MBA-style course empowers you to become an inventory guru and make a real difference in your business. Boost your career and improve profitability with practical insights and tools.
What you’ll learn
- Start from scratch, no prior knowledge of COPQ concept is required
- Case Study based lectures to understand each element of COPQ
- Cost of Quality Curve
- Comprehensive understanding that goes beyond tracking costs of process wastes
- How to expand COPQ to Total Cost of Quality
- Generalized Excel Based COPQ Estimation Template that can used for any scenario
- Detailed Tips to estimate or compute all cost headers
The Cost of Poor Quality (COPQ) is the cost associated with poor quality services and products. 4 key elements of Cost of Poor Quality are External Failure, Internal Failure, Appraisal and Prevention Costs. Some of them are hidden costs of waste (CoW)
As manufacturing and engineering professional, in-depth knowledge of COPQ will help you to :
Accurately compute or estimate COPQ including QC, Training and Service activities
Perform cost-benefit analysis for quality improvements to take informed decisions.
Prioritize efforts to acquire maximum impact on profitability
Build business acumen and present quantifiable business proposals to senior management
To evaluate Problem Solving Efforts, Continuous Improvement (CI) and Lean Initiatives
In all, this Online Training on Cost of Poor Quality training is unique because it provides an effective approach to prioritize problem solving efforts and enable leaders like you in effective decision making so that performance and productivity improves through process & QC improvement. So it is a Business Performance Improvement (BPI) Course. It can be useful to kick-off quality improvement initiative in your organization or to re-prioritize or re-energize your team.
You will learn in this Cost of Poor Quality (COPQ) Online Course, the following:
Start from scratch, no prior knowledge of COPQ concept is required
Example based lectures to understand each element of COPQ
Cost of Quality Curve
Comprehensive understanding that goes beyond tracking costs of process wastes
How to expand COPQ to Total Cost of Quality (TCQ)
Downloadable Generalized Excel Based Cost of Poor Quality (COPQ) Estimation Template that can used for any scenario
Tips to estimate or compute all cost headers
Potential challenges in implementing COPQ and recommendation to overcome
Roll out Approach
Who this course is for:
- Quality Management Professionals
- Business Excellence Professionals
- Operations Managers
- Accounting Professionals
- Process Engineers
User Reviews
Be the first to review “Cost of Poor Quality (COPQ) Management for Excellence”
You must be logged in to post a review.
There are no reviews yet.