In the present competitive scenario, Cost & Quality goes hand in hand for sustainable profitable growth in the business. Understanding the concept of Cost of Quality is important at all levels & functions to focus on non value added activities/elements which directly impacts the profitability to the organization. Increased customer satisfaction, productivity, market share & high employee morale are added benefits. The cost of poor quality (COPQ) can be well addressed through a very popular tool like Six Sigma. The DMAIC methodology used worldwide helps in addressing such issues. Hence basics of Cost of Quality & Six Sigma which are complementary to each other needs to be understood at operating/functional level.
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The need for Productivity Institute
Realizing the need to enhance the skill sets of fresh engineers in mechanical engineering to make "Industry Employable" and to mould them as per the company requirements, IMTMA organizes
The rapid growth of Indian machine tool Industry and the increasing sophistication of machine tool has created the need for a new breed of machine tool technologists.