Michael Fank on LinkedIn: What the heck is Q4.0? (2024)

STOP!!! In the name of Quality!!!Let's help each other learn more about quality:𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀:What's the hardest problem you've solved?How did you do it?𝗡𝗲𝘄𝗲𝗿 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀:What's something about quality you want to know?Or answer both in your comment. We're trying something similar in MyASQ as well. That's the members-only forum for ASQ members to network and help one another.

8

5 Comments

Has quality made your company slow and rigid?How are you speeding up decision-making?Don't push information to decision-makers, push decisions to information-makers. How can you use this framework to streamline decisions within your QMS?More information: Read: Turn the Ship Around! by David Marquet

2

You have the greatest solution to solve your company's problemsOnly 1 problem… you have to convince the boss to spend money.How are you going to do this?1. 𝗦𝗽𝗲𝗮𝗸 𝘁𝗵𝗲 𝗹𝗮𝗻𝗴𝘂𝗮𝗴𝗲 𝗼𝗳 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 (Money). If you’re going to ask for it, you need to show how it’s coming back. What is the ROI? Payback period? The IRR? The NPV? Don’t know - you need these answers (at least 1) before asking for money. 2. 𝗛𝗲𝗹𝗽 𝘆𝗼𝘂𝗿 𝗯𝗼𝘀𝘀 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝘁𝗵𝗲𝗶𝗿 𝗴𝗼𝗮𝗹𝘀. How will this thing improve the company's metrics/goals? How does this align with the overall company strategy? 3. 𝗣𝗹𝗮𝗻 𝗮𝗵𝗲𝗮𝗱. What are going to be the objections? What are going to be the roadblocks? Name these in your pitch. Show you’ve thought this through and you have a plan to mitigate them.Need help translating your project into financial terms? Get my free Cost of Poor Quality Calculator Here:https://lnkd.in/gbeNE2gYROI - Return on Investment - a ratio of profit to investment. Higher is better. Payback Period - How long it takes before the project starts to generate a return. IRR = Internal Rate of Return - it's like the interest rate of the project. How much more money will the project return after it's completed. NPV - It's a way to measure future money into today's dollars.

1

Quality 4.0 - improving QMS or annoying buzzword?The term quickly popped up without concrete meaning, leading to widely different uses.Is this AI, IoT, LLM, or Q4.0? How do I know I'm using Q4.0? A few tech-savvy, early adopters defined it on their own. But what about the rest of us? Here are my ideas to consider:1. Q4.0 will not break a solid business. Conversely, if the foundation is weak, Q4.0 won't save you. Technology is an accelerator of growth, not a creator of it (Jim Collins). 2. Align new technology with your current business strategy. Integrate it with your core business. Keep focused on what you are already good at. 3. Start small, yet big. Start with easily digitized data (or already electronic), that impacts the business. Analyze the data to improve the process (normal quality improvement). Now automate that analysis. That's Quality 4.0. Now iterate. Read the QMJ's article on "Creating a Roadmap to Quality 4.0" here: https://lnkd.in/gsVz7twA(image from this article)Where are you on your Q4.0 journey? What new AI tools have you implemented in your QMS?

40

11 Comments

The first edition went live on Monday!Subscribe now so you don't miss out on future quality tips!https://lnkd.in/gj4hiy94

3

2 Comments

Would you blow up your QMS to start over?How would you fix your QMS to make it valuable?↓ Check out how to make it value. You don't need to start over to do this stuff. Use these levers and even your current QMS can create value!P.S. What is 1 thing you could change today?

11

1 Comment

This is quality gold. People don’t learn from experiences, they learn from reflecting on those experiences. This is the real intent in management review. Reflect. What went well? What opportunities came up? What are you adapting next month?

5

2 Comments

Want a simple Six Sigma master class?Here's one in 60 seconds or less. I stole this idea from Ivan Carillo - he made PDCA simple last week. People make quality complicated and hard to understand. Quality is all about doing what makes sense and making it easy for the next person. P.S. If this helped you, repost it to share the knowledge. Make it simple for everyone. Follow me Michael Fank for more.

64

34 Comments