Quality Planning is the foundational process in quality management that involves establishing the quality standards, objectives, and specifications for a product, service, or project, and developing the plan for how to achieve them.
Posts tagged as “Warranty”
The Quality Loss Function, also known as the Taguchi Loss Function, is a concept developed by Genichi Taguchi that quantifies the financial loss to society caused by a product's deviation from its target performance.
Zero Defects (ZD) is a management philosophy that aims to eliminate defects in products and services by motivating people to do their jobs right the first time. The concept was developed by quality control manager Philip B. Crosby while working on the Pershing missile program at the Martin Company in the 1960s.
Asymmetric information is an economic concept where one party in a transaction has more or better information than the other party.
The Quick Response (QR) code, once a niche player, is rapidly emerging as the superior alternative, poised to replace traditional linear barcodes in a wide array of applications, from retail to manufacturing, healthcare, and beyond.
Imagine your warranty system as a rusting cog in an otherwise well-oiled machine—holding back your entire operation while competitors surge ahead.
So, a product is considered value for money when it delivers strong benefits for the price paid.
Here is where Investment Appraisal emerges as a critical tool, equipping businesses with a framework to analyze potential investments.
Six Sigma is a data-driven philosophy and set of techniques focused on minimizing defects and variations in any production process.
Quality standards are the minimum acceptable standard of production or service acceptable to consumers. Let's take a look into details.