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Cost of Inaction - Taking Quality Management Processes Digital

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1 Page 1 © 2014 LNS Research. All Rights Reserved June 2014 ww.lnsresearch.com Manufacturers across the world are facing an unprecedented convergence of pressures on costs, compliance, and risk. Although the factors contributing to these pressures may vary by geography, industry, reliance on the global supplier network, and more, one aspect contributing to all of them is the ability to control and assure product and process quality. Companies have been making investments to improve quality management and relieve these pressures since the dawn of production, but only in the past decade have technological advancements in process automation and enterprise-wide software really made those improvements more strategic and sustainable. Today's market leaders have deployed next-generation Enterprise Quality Management Software (EQMS) platforms with specific functionalities aimed at automating, standardizing, and centralizing quality content and process data from design and procurement up through production, distribution, and service. This technology has enabled manufacturers to track product and process quality throughout the value chain, resolving and even preventing non-conformances before they result in potentially larger issues. Despite these benefits, many companies still rely on outdated and disconnected solutions for managing quality. And in today's globally competitive manufacturing environment, laggards are falling further and further behind market leaders. While nearly all executives acknowledge that quality is at the core of most business challenges, many position the health and capability of their quality management solution far down on the list of priorities. This Research Spotlight is for executives hesitant to adopt emerging quality technology, and provides insights into the costs of continuing on the same homegrown, siloed quality management path. Specifically it covers the following: Understanding the reliance on homegrown quality management solutions Why enterprise quality management software is more than just paper on glass The cost of inaction with quality management technology Actionable recommendations Research Spotlight The Cost of Inaction: Taking Enterprise Quality Management Digital Only in the past decade have technological advancements in process automation and enterprise-wide software made quality management improvements more strategic and sustainable.

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