Cost of Poor Quality (COPQ): Meaning, Formula & Examples

COPQ

The Cost of Poor Quality (COPQ) is the total financial loss a company suffers because of defects, scrap, rework, customer complaints, warranty claims, poor processes, and inefficiencies. COPQ directly affects profitability, customer satisfaction, and brand reputation. Many organizations also refer to cost of quality (COQ) when analyzing their total quality costs, but COPQ specifically focuses … Read more

What is the inventory turnover ratio and the number of days inventory

Inventory Turnover Ratio

Inventory Turnover: Inventory turnover is the rate at which a company converts its inventory into sales. It is the number of times a company makes the sale of its inventory in a period. Where inventory is the total of all goods in its stock, which includes Raw materials, bought-out parts, Work in progress and finished … Read more

Kobetsu Kaizen in manufacturing with TPM

Kobetsu Kaizen

What is Kobetsu Kaizen? Kobetsu Kaizen, which translates to “focused improvement” is a continuous improvement strategy to make incremental changes to specific processes or machines. It emphasizes eliminating waste, reducing cycle time, improving quality and boosting productivity. Kobetsu Kaizen is a Japanese term that means Targeted Improvement or Focused Improvement. It is one of the … Read more

5S Audit Check Sheets for manufacturing

5S Audit Check Sheets

5S Audit check sheets are separate check sheets for each of the 5S principles (Seiri, Seiton, Seiso, Seiketsu & Shitshuke). Read about all 5S audit check sheets. Add your company-related points to expand these check sheets. Audit Sheet: Seiri (Segregation) Checkpoints for Seiri: 1S S.No Check Items Description Score 0 1 2 3 4 5 … Read more

What is 5S in manufacturing?

5S in manufacturing company

5S is a five-step program that is done in sequential order. 5S is a series of activities for eliminating waste that contributes to workplace rejections, mistakes and injuries. The Japanese factories are so clean that you can eat off the floor. This is simply a matter of pride for the Japanese. Below are the 5 … Read more

What is Poka Yoke and how to use it in the manufacturing industry for zero defects?

Poka-Yoke: Poka Yoke means Mistake Proofing or Error Proofing. Poka Yoke is a mechanism to prevent mistakes and defects from being made or detect mistakes if not prevented. It is also called error-proofing or foolproofing. Dr. Shigeo Shingo developed the concept of Poka-Yoke. Poka-Yoke is based on the concept that people do not make mistakes intentionally. … Read more

What is the Kanban System & Kanban Board?

Kanban

Kanban is a workflow management method focused on continuous improvement. It operates as a pull-based system, meaning tasks are pulled through each stage only when capacity is available, rather than being pushed through regardless of readiness. While commonly used in production, Kanban is adaptable to a wide range of processes. Its core purpose is to … Read more

Value stream mapping in lean manufacturing

Value Stream Mapping

Value Stream Mapping: Value stream mapping is a method to check and improve the processes involved in delivering a product using flowcharts. The information and process flow from customer demand to delivery is examined by the VSM team. It is the main tool of lean manufacturing. Like other types of flowcharts, it uses a system … Read more