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Most people think quality is all about compliance, but it delivers operational benefits as well. From our research, it is apparent that companies that have taken an integrated, holistic approach to quality with technology such as enterprise quality management software (EQMS) considerably outperform others in key quality performance indicators.
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In identifying areas for cost savings and efficiencies, it is often helpful for an organization to focus on measuring and continuously improving the overall equipment effectiveness (OEE) metric. Combining parts of quality, efficiency, and asset availability, OEE is a holistic business measurement on which many market leaders are focused.
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