is being presented by Rene D. Massengale, President, of Global Food
Quality Concepts, LLC and airs on Wednesday, May 16th, 2012. For more details, or to register please visit our site at www.fxconferences.com
The food and beverage industry is faced with increasing pressure to improve the
safety and quality of products for human consumption while still maintaining a
profitable bottom line. Successful companies understand that quality management
is vital to successfully meeting this challenge, but how does the cost of
quality affect the bottom line?
Cost of Quality is defined as the cost associated with detecting and
avoiding quality failures. It is the cost associated with monitoring, detecting,
and correcting errors in manufacturing or personnel. A Cost of Quality model is
a quality management tool that can be integrated into other quality management
systems to better understand and track the cost of quality failure over time. It
translates the language of quality into the language of dollars understood by
senior management.
This audio conference presentation explores quality costs, the Cost of
Quality (COQ) model, and how it can be used to measure the real benefit derived
from quality management efforts. In addition, our speaker discusses how Cost of
Quality can be used to track the impact of quality compliance and noncompliance
on the organization’s revenues from a risk management perspective.
