Join Renaud Anjoran, Founder & CEO of Sofeast, in this podcast aimed at importers who develop their own products as he discusses the hottest topics and shares actionable tips for manufacturing in China & Asia today! WHO IS RENAUD? Renaud is a French ISO 9001 & 14001 certified lead auditor, ASQ certified Quality Engineer and Quality Manager who has been working in the Chinese manufacturing industry since 2005. He is the founder of the Sofeast group that has over 200 staff globally and offers services (QA, product development & engineering, project management, Supply Chain Management, product compliance, reliability testing), contract manufacturing, and 3PL fulfillment for importers and businesses who develop their own products and buyers from China & SE Asia. WHY LISTEN? We‘ll discuss interesting topics for anyone who develops and sources their products from Asian suppliers and will share Renaud‘s decades of manufacturing experience, as well as inviting guests from the industry to get a different viewpoint. Our goal is to help you get better results and end up with suppliers and products that exceed your expectations!
Friday Nov 25, 2022
Friday Nov 25, 2022
In this episode...
Adrian and Sofeast's head of New Product Development, Andrew Amirnovin, delve into the topic of the cost of poor quality and reliability and why the phrase “Pay Me Now, or Pay Me Later" is so appropriate for when engineers talk about it.
You'll learn what makes up the cost of GOOD quality and reliability and why this amount is actually dwarfed by the cost of POOR quality and reliability. So if manufacturers don't pay now before production to solve and avoid issues, they're certainly going to pay a lot more later to put them right (if you even can by then)!
00:00 - Greetings and introducing the topic.
01:34 - What does “Pay Me Now, or Pay Me Later" mean?
03:34 - Why is the cost of poor quality so important?
05:34 - What is the difference between the cost of GOOD and POOR quality & reliability?
07:18 - What drives up prevention costs?
09:31 - What drives up appraisal costs?
18:40 - What drives the cost of internal failures?
22:56 - What drives the cost of external failures?
26:55 - Our recommendation: Pay now!
30:27 - Key takeaways from this episode.
- What is Design for Quality (DFQ)?
- What Is “Quality?”
- Watch 3 quality experts discuss the cost of quality on our YouTube channel
- What To Do If You Have A High Product Return Rate? [6-step Process]
- You NEED to do product qualification BEFORE mass production!
- How To Do Product Reliability Testing?
Get in touch with us
- Connect with us on LinkedIn
- Send us a tweet @sofeast
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- Contact us via Sofeast's contact page
- Subscribe to our YouTube channel
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