Taguchi Method Of Quality Control

What is the 'Taguchi Method Of Quality Control'

The Taguchi method of quality control is an approach to engineering that emphasizes the roles of research and development, product design and product development in reducing the occurrence of defects and failures in products. The Taguchi method considers design to be more important than the manufacturing process in quality control and tries to eliminate variances in production before they can occur.

BREAKING DOWN 'Taguchi Method Of Quality Control'

Genichi Taguchi, a Japanese engineer and statistician, began formulating the Taguchi Method while developing a telephone-switching system for Electrical Communication Laboratory, a Japanese company, in the 1950s. As a result of his success, he eventually became well-known in both Japan and the United States, with companies such as Toyota, Ford, Boeing and Xerox adopting his methods.

RELATED TERMS
  1. Quality Control

    A process through which a business seeks to ensure that product ...
  2. Quality Control Chart

    A graphic that depicts whether sampled products or processes ...
  3. Modified Cash Basis

    An accounting method that combines elements of the two major ...
  4. Accounting Method

    The method by which income and expenses are reported for taxation ...
  5. Quality Management

    The act of overseeing all activities and tasks needed to maintain ...
  6. Direct Method

    A method of creating a statement of cash flows during a given ...
Related Articles
  1. Investing

    What's Involved in Quality Management?

    Essentially, quality management entails overseeing all activities and tasks needed to maintain excellence.
  2. Investing

    The History and Purpose of TQM

    Total quality management explores processes to enhance quality and productivity.
  3. Investing

    Explaining Quality Control

    Businesses use quality control to ensure their products and services meet a certain standard, as well as any industry regulations.
  4. Markets

    Rising Prices: Inflation or Quality Improvements?

    Price indices are used to measure inflation, but qualitative improvements in products complicates attempts to isolate the true cause of rising prices.
  5. Trading

    Lead The Charge With Product Development

    If you like to keep your finger on the pulse of the market, this could be the career for you.
  6. Managing Wealth

    The Highest-Paying Engineering Careers

    Learn more about some of the highest-paying jobs in field of engineering. With just a bachelor's degree, most engineers in these jobs make well over $100,000.
  7. Financial Advisor

    How to Create a New Financial Product in 10 Steps

    The 10 steps outlined here are essential to the creation of a new financial product.
  8. Markets

    Explaining Variance

    Variance is a measurement of the spread between numbers in a data set.
  9. Investing

    Kaizen: An American Idea Gets A Japanese Makeover

    This manufacturing philosophy – made famous by the likes of Toyota – had its start in postwar Japan with an American statistician.
  10. Markets

    Understanding the Product Life Cycle

    Product life cycle is the period of time during which a product is conceived and developed, brought to market and eventually removed from the market.
RELATED FAQS
  1. What is the difference between research and development and product development?

    Understand the difference between research and development and product development. Learn why a company would want to invest ... Read Answer >>
  2. What is price variance in cost accounting?

    Understand what price variance is in relation to cost accounting. Learn the most common way price variance arises and how ... Read Answer >>
  3. What are some ways a company can expand its product line?

    Understand what a product line is and why it's important. Learn about specific ways in which a company can expand its product ... Read Answer >>
  4. What level of research and development compares to sales is typical in the electronics ...

    Discover what level of research and development companies in the electronics sector utilize in comparison to sales, and its ... Read Answer >>
  5. Is variance good or bad for stock investors?

    Learn how high variance stocks are good for some investors and how diversified portfolios can reduce variance without compromising ... Read Answer >>
  6. How is an unfavorable variance discovered?

    Learn how unfavorable variance is discovered through defining budget numbers, such as standard rates for labor and materials, ... Read Answer >>
Hot Definitions
  1. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  2. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  3. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  4. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  5. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  6. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
Trading Center