FARMINGDALE, NY—June 17, 2011—EtQ has sponsored the recently published Aberdeen report on Closed Loop QualityManagement. This study highlights how closed loop quality management is a competitive advantage for many Best-in-Class manufacturers, yet is often misunderstood by other organizations. The report reveals the characteristics shared by top performers as well as the top market pressures that are driving a focus on quality.
The results show that Best-in-Class organizations are over 90 percent more likely to standardize on a single quality management system, which eliminates disparate point solutions and provides harmonization across the enterprise. Best-in-Class companies are also over twice as likely to have executive priority to improve on enterprise quality management.
Aberdeen used the following four key performance criteria to distinguish the top performers from the rest of the industry. These leaders achieved the following results:
• 95% new product introductions
• 89% Overall Equipment Effectiveness (OEE)
• 25% increase in operating margin vs. corporate plan
• 98% on time and complete shipments
Per the Aberdeen report, “there are two specific strategies used by Best-in-Class organizations to differentiate themselves from the competition. First, Best-in-Class organizations are more likely to build compliance and risk-based controls into business processes. For one of the first times, Aberdeen has also seen Best-in-Class manufacturers being more likely to focus on the shop floor operator experience as a key enabler for quality.”
A complimentary copy of this report is made available due in part by EtQ. To obtain a complimentary copy of the report, visit: http://www.etq.com/aberdeen-closedloop.
The results show that Best-in-Class organizations are over 90 percent more likely to standardize on a single quality management system, which eliminates disparate point solutions and provides harmonization across the enterprise. Best-in-Class companies are also over twice as likely to have executive priority to improve on enterprise quality management.
Aberdeen used the following four key performance criteria to distinguish the top performers from the rest of the industry. These leaders achieved the following results:
• 95% new product introductions
• 89% Overall Equipment Effectiveness (OEE)
• 25% increase in operating margin vs. corporate plan
• 98% on time and complete shipments
Per the Aberdeen report, “there are two specific strategies used by Best-in-Class organizations to differentiate themselves from the competition. First, Best-in-Class organizations are more likely to build compliance and risk-based controls into business processes. For one of the first times, Aberdeen has also seen Best-in-Class manufacturers being more likely to focus on the shop floor operator experience as a key enabler for quality.”
A complimentary copy of this report is made available due in part by EtQ. To obtain a complimentary copy of the report, visit: http://www.etq.com/aberdeen-closedloop.