By Yuval Shapiro
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 to a company: Easy to gather data, easy to implement and easy support!