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Manufacturing Technology Insights | Wednesday, September 23, 2020
Quality 4.0, when integrating new technologies with conventional systems, helps the organizations for managing quality to drive improvement to overall business performance. Let's look at what are the critical technologies behind Quality 4.0?
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FREMONT, CA: According to a recent report from Boston Consulting Group (BCG), "Quality 4.0 Takes More Than Technology," nearly two-thirds of the manufacturers believe that Quality 4.0 will affect all operations within five years. However, only 16 percent say that their company has started to implement Quality 4.0 practices, and 63 percent have not reached the planning stage yet.
Quality 4.0 is very complementary to the concept of Industry 4.0, which classifies the technologies that transform the way manufacturers develop, manage, and also maintain the quality standards throughout the manufacturing process.
[vendor_logo_first]Quality 4.0 solutions help the institutions to inform the business strategies accurately than before while solidifying quality as a positive driver of the business performance. The combination involved in this approach helps to automate and simplify traditionally time-consuming, manual business procedures.
Quality 4.0 can help address quality issues, reduce response rates to quality errors or changes in market trends, enhance regulatory compliance, and improve brand reputation. Through a real-time process monitoring, data collection, and predictive analytics, manufacturers can also solidify quality as a positive driver of business performance.
Calculating the benefit of Quality 4.0 processes differs for each manufacturer. However, the goal is to simplify business procedures and reduce costs. Most of the manufacturers measure quality success by restricting the scrap waste and defective products entirely from the production procedures both internally as well as with the suppliers. Other outcomes include an enhancement in the satisfied customers, a decrease in recall investigations and resolutions, reduced delays in shipping products as well as avoidance of potential fines and penalties for non-compliance.
Organizations must know that there is no set price tag on implementing a Quality 4.0 approach. The entire cost depends on the quality processes and equipment the manufacturers have already adopted as well as the unique technologies that will best help them achieve their goals.
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