Quality Management System (QMS)
Assembly Line
Cost of Quality: Why A Compliance-Focused Model will Ultimately Limit Growth
Process manufacturers commonly consider numerous costs like labor, materials, and manufacturing and impact their bottom line. Often the same companies will overlook or undervalue the cost of quality, assuming that products that fall within specifications also meet quality targets. However, simply relying on conformance without examining the cost of quality can result in a few hidden expenses at best-and at worst, amount to considerable waste, negatively impacting the bottom line and subtracting from brand reputation.
Understanding the overall cost of quality is vital to addressing issues that signal costly or unsustainable variations and the potential for product or process failure. High incidences of failure erode capacity and make it impossible for companies to live up to their full potential.
Optimizing manufacturing processing and quality management with digital twins, IIoT
The application of IIoT and digital twin technologies in production process and quality management in steel production processes with the following characteristics:
- Integrate process design data, quality specification data, equipment operational real time data, quality measurement data into a holistic end-to-end closed-loop system, enabling comprehensive online monitoring and analytics of production process and supporting product quality traceability.
- Combine digital twin and Industrial Internet technology seamlessly into a holistic platform to support such an application.
- Enable digital twin for both equipment and product alike, dynamically bind product digital twins with equipment digital twins to enabling product process and quality online tracking, monitoring and traceability.
- Combine online data and analytic technologies with Lean management and Six Sigma concepts and best practice for production process and quality management, creating a digital Lean capability.