Need of the Hour, Analytics Techniques for Quality and Reliability for Business

The Indian Chamber of Commerce and Industry (ICCI) organized the workshop for entrepreneurs on ‘ Quality reliability in business’ in Coimbatore.

In a statement, president of ICICI, Coimbatore, V Lakshminarayanasamy, said, the ICCI and Indian Statistical Institute, Coimbatore, are organising a workshop on “Quality Reliability in Business” on May 26th at chamber towers on Avinashi Road

An event filled with Analytics data Quality becomes a casualty when price, production, delivery become the priority in business. Variation is enemy to quality Warranty cost has been increasing, demanding free replacement of manufacturing components.

Six Sigma
Various studies in different sectors spanning across Automobile, Healthcare, and Discrete Manufacturing, Software were presented by the corporate professionals after the Six Sigma Analytics training at ISI, Coimbatore.

Quality and Reliability for Exports
Speaking in the workshop on quality and reliability jointly organized by Indian Statistical Institute, Coimbatore and Indian Chamber of Commerce  with the initiative of one of the MSME’s,

H.Ramasubramanian, Vice President, R&D Brakes India stressed the need for MSME’s to focus on Quality and reliability. He further added that the customers are able to define their design requirements better than the designers

Roney Simon, MD Simon and Cailand, Italy highlighted the need for design and development in India for enhancing exports of Engineering and Apparels as a value-added product to Europe, for which data-based decisions are vital.

Padmashree Dr. G.Bakthavatsalam, chairman, KG Group spoke about Indian Innovations and its scale. Appreciated ISI’s Contribution to Healthcare Analytics.

Brig. A.V.Subramanian – President, Advanced Technology Centre (LMW), Spoke about Importance of applying statistics to achieve Quality and Reliability in Aerospace Industry

Earlier welcoming the gathering, Mr.Lakshminarayanaswamy President ICCIC demanded a regular training on Quality and Reliability for sustaining in business to be conducted by ISI, Coimbatore similar to ones offered in cities by ISI Bangalore and Hyderabad

Dr Prasun Das, Associate Dean of ISI, Kolkata highlighted the requirements of Machine Learning through Artificial Intelligence Modeling for Business Process decision making as a future challenge.

Cost of Poor Quality
Prof A.Rajagopal highlighted the various studies of Rework reduction from suppliers from 21.5 %  to  8.93 % in Engineering components
Customer rejections from 3.51% to 0% achieving zero defects in rubber wedge components
Brake pad wear prediction in Automobiles and alert of the driver by physical measurements were shown. Predicting functional scores of poly traumatic accident victims, Development of AI model and also reducing the delays in service Level Agreements in software products were delivered during workshops.

Mr.Rajaramanathan, GM of SRK Polymers delivered the Vote of Thanks and disseminated the need of QR methods for MSMEs

Six Sigma in MSME
one of the automotive / Aerospace component manufacturers was chosen to demonstrate database based quality reliability analytics in the supply chain, customer feedback, internal rejections, efficiency and effectiveness of machine utilization and it was demonstrated to the participants by the company. The entire session was an eye opener for many entrepreneurs and professionals