Implementing SPC, a Game Changer for Cost Reduction

Date : 29 to 30 August, 2024   Time : 1340 Hrs to 1700 Hrs   Location / Mode : Online

INTRODUCTION

Today, cost reduction is the No. 1 priority for any company. SPC or statistical process control is a game changing tool for cost reduction. Many companies use Statistical Process Control (SPC) charts to manage and control quality. They also provide valuable signals about why your company incurs costs—and reveal opportunities to cut costs. So SPC can help you implement many different types of cost-reduction strategies.

For doing so one needs to learn SPC techniques and apply them. Data generation, analysis and process improvement is key to delivering a lean manufacturing setup, thereby optimizing costs and maximizing profits to your organization.

SPC is  used in manufacturing or production process to measure how consistently a product performs according to its design specifications.  By achieving consistent quality and performance, some of the benefits manufacturers can realize are:

• Reduced scrap, rework, and warranty claims
• Maximized productivity
• Improved resource utilization
• Increased operational efficiency
• Decreased manual inspections
• Improved client satisfaction
• Reduced Costs
• Extensive Analytics and Reporting

Keeping this in view, Indian Machine Tool Manufacturers Association is organizing an online training on Implementing SPC, a Game Changer for Cost Reduction.