Implementing SPC, a Game Changer for Cost Reduction

Date : 20 to 21 August, 2025   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.