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Stampings Manufacturer, Talan Products Featured In PMA Article On Quality

March 3rd, 2011

The Precision Metalforming Association (PMA) published an article in the March 2011 issue of MetalForming titled “The Link Between Total Cost of Quality and Profitability.”

The article discusses the connection between an important PMA benchmarking metric – PROFITABILITY, as measured by EBIT (earnings before interest and taxes) and the link between profitable manufacturing and the true costs associated with quality control methodology.

During these challenging times, all metal stampers are continually looking for ways to positively impact profits. At the same time, high quality, consistently  stamped parts are critical to the work flow of Talan’s customers. Therefore stamping companies like Talan Products look to identify ‘What is the Total Cost of Quality?’

The PMA’s annual  Benchmarking Report calculates the total cost of quality as a percent of sales by combining the costs for prevention, appraisal, internal failure and external failure, all measured as a percent of sales.

Talan’s own quality assurance manager, Mark Netzel, was quoted in the article. Mark states: ” A quality product is the first order of business. It even outweighs making a ship schedule due date.” Talan Products was cited in this article because of our improvement  by benchmarking methodology.

Marks goes on to say: “We have numerous management meetings where we review performance metrics such as efficiency,scrap, availability incidents, customer complaints and performance to budget, as well as a number of business process metrics (QMS metrics). One example would be our APQP process where we look at first run being 100-percent on time to customer due date, zero quality issues during the first run, and first-run cost performance against quoted numbers.”

To read the entire text of the article discussing the link between total cost of quality and profitability, click here.

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