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Quality
& Compliance Newsletter
January 2005 | Complimentary Copy |
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How
to give a Quality Score
to your Suppliers |
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| A supplier quality score provides a real-time
and objective analysis of the quality performance of a supplier. The
score empowers an organization to manage its supply base more effectively
by enabling it to identify continuous improvement and cost savings,provide
objective data for use in supplier management and sourcing decisions...
Read Article |
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| The Take Away |
| Enterpises have designed various ways to control supplier
quality. A Rating system based on supplier scores has emerged as one
of the most powerful and objective approach to manage and improve
supplier quality. However, its outcome is critically dependant on
the manner in which the score card is designed and points alloted.
A poorly designed system could miss the bus altogather. Read
Article |
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| QMS:
Problem in getting budget approval? |
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| Many quality directors have difficulty in getting capital
budget approvals to acquire a badly needed Quality Management System
(QMS). The reason in most situations is that their justification approaches
the system benefits from a bottom-up operational perspective...Read
Article |
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| Facts
& Quotes |
| In the Fifth Annual Quality Spending Survey 2005, Quality
magazine projects spending to nearly match pre-9/11 levels and to
exceed pre-recession levels. Forecasted total spending on test, inspection
and measurement equipment, quality software, and consulting, training
and contract services is $2.98 billion - an 8% increase from 2004
spending of nearly $2.8 billion. |
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| Money for quality expenditures: 2005 vs.
2004 |
- Nearly 62%, or $1.84 billion, is forecast to be spent on test,
measurement and inspection equipment during 2005 and represents
nearly a 10% increase from 2004 spending levels.
- 11.5% and 26.5% are projected to be spent on quality software
and services, respectively. For quality software, the 2005 projected
spending of $342.1 million is a 32% increase in spending from
2004.
- In consulting, training and contract services there is expected
to be a slight dip of 2.5% in spending during 2005 vs. 2004. However,
this area has seen significant spending increases during the past
2 years as manufacturers chose to outsource much of their quality
needs rather than invest in the capital themselves.
- Quality Spending Survey for 2005.
Quality Magazine |
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