Building the Business Case for EQMS: Executive Positioning and Actionable Improvements
Quality leaders are often faced with a tall order: In order to elevate quality to its proper perception of a value center rather than a cost center they need to gain the executive sponsorship necessary to make this paradigm shift.
In this Research Spotlight LNS Research gives a framework for communicating the value that quality management can deliver when integrated across the enterprise with an executive business case.
In particular LNS Research explains how:
Companies with executive sponsorship have on average adopted three times as many quality Operational Excellence best practices as those that have not
Incremental business cases for Enterprise Quality Management Software (EQMS) can be converged into a master business case for quality management
Organizations that have implemented EQMS have increased performance metrics like successful new product introduction (NPI) and Overall Equipment Effectiveness, by as much as 121% and 102%, respectively