Cost Of Poor Quality (Copq) Management For Excellence

Last updated 10/2020
MP4 | Video: h264, 1280×720 | Audio: AAC, 44.1 KHz
Language: English | Size: 1004.80 MB | Duration: 1h 29m
Learn to Analyze, Compute & Report Total Cost of Quality Accurately | Lean Manufacturing & Business Excellence Course

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
Requirements
Start from scratch, no prior knowledge of COPQ concept is required
No pre-requisites, except for general understanding of manufacturing or any business operation
Description
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 activitiesPerform cost-benefit analysis for quality improvements to take informed decisions.Prioritize efforts to acquire maximum impact on profitabilityBuild business acumen and present quantifiable business proposals to senior managementTo evaluate Problem Solving Efforts, Continuous Improvement (CI) and Lean InitiativesIn 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 requiredExample based lectures to understand each element of COPQCost of Quality CurveComprehensive understanding that goes beyond tracking costs of process wastesHow 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 scenarioTips to estimate or compute all cost headersPotential challenges in implementing COPQ and recommendation to overcomeRoll out Approach
Overview
Section 1: Introduction to Cost of Poor Quality
Lecture 1 Introduction to COPQ
Lecture 2 Background and Importance of COPQ
Lecture 3 Elements of COPQ
Lecture 4 Understanding COPQ with real life example – Part I
Lecture 5 Understanding COPQ with real life example – Part II
Section 2: Elements of Total Cost of Quality
Lecture 6 Total Cost of Quality
Lecture 7 External Failure Costs In-Depth
Lecture 8 Internal Failure Costs In-Depth
Lecture 9 Appraisal Costs In-Depth
Lecture 10 Prevention Costs In-Depth
Lecture 11 Cascading Effect of COPQ
Section 3: Computing Cost of Poor Quality
Lecture 12 Challenges in COPQ Estimation
Lecture 13 COPQ Estimation – An example + Template to download
Lecture 14 Tips for Estimation of Cost Items for COPQ
Lecture 15 Rollout Plan for COPQ at Organization level
Quality Management Professionals,Business Excellence Professionals,Operations Managers,Accounting Professionals,Process Engineers

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