Taguchi Method Of Quality Control

AAA

DEFINITION of 'Taguchi Method Of Quality Control'

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.

INVESTOPEDIA EXPLAINS '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. Acceptable Quality Level - AQL

    A statistical measurement of the maximum number of defective ...
  3. Quality Management

    The act of overseeing all activities and tasks needed to maintain ...
  4. Six Sigma

    A quality-control program developed in 1986 by Motorola. Initially, ...
  5. Acceptance Sampling

    A statistical measure used in quality control. A company cannot ...
  6. Loss Management

    A business practice that seeks to detect, identify, investigate ...
RELATED FAQS
  1. How can industrialization affect the national economy of less developed countries ...

    Industrialization – the period of transformation from an agricultural economy to an urban, mass-producing economy – has accompanied ... Read Full Answer >>
  2. How do "factor endowments" impact a country's comparative advantage?

    Factor endowments impact a country's comparative advantage by affecting the opportunity cost of specializing in producing ... Read Full Answer >>
  3. How can I tell if a cost is a direct cost?

    In financial and managerial accounting, direct costs are materials, labor and expenses related to the production of goods ... Read Full Answer >>
  4. What are the most famous instances of backward integration?

    Backward integration refers to when a business owns a supplier in its supply chain. This form of vertical integration can ... Read Full Answer >>
  5. How does industrialization lead to urbanization?

    Industrialization leads to urbanization by creating economic growth and job opportunities that draw people to cities. The ... Read Full Answer >>
  6. What does it mean when someone refers to the "Big Three" automobile sector?

    The Big Three refers to the top three American automotive companies. The Big Three comprises Chrysler, General Motors and ... Read Full Answer >>
Related Articles
  1. Investing

    Three Portfolio Moves To Consider Now

    What portfolio moves should you consider making as the 2nd quarter kicks off? Before we focus on the future, let’s first reflect on the 1st Q surprises.
  2. Economics

    Is Germany Carrying The European Economy?

    Germany has been widely viewed as the economic catalyst and stabilizer for the European Union and for good reason.
  3. Investing

    Using Technology To Tune Out Market Noise

    Today’s technology-centric culture allows us to have access to information anytime. As investors, we can be informed of market moving news as it happens.
  4. Economics

    Where To Search For Yield Today

    It’s hard to miss that there has been a pronounced slowdown in the U.S. economy this year.
  5. Economics

    Understanding the Substitution Effect

    The substitution effect is an economic term used to describe consumer behavior relative to price or income changes.
  6. Economics

    What is the Purchasing Managers' Index?

    The Purchasing Managers’ Index, or PMI as it is commonly called, is an indicator of the economic health of the manufacturing sector.
  7. Forex

    Top Investments for a Strong U.S. Dollar

    Looking to benefit from a strong U.S. dollar? Consider these stocks.
  8. Economics

    Benefits From A Tango Of China-US Trade and Debt

    China has been accumulating US debt for many decades. Here's why it continues to do so, and the risks and benefits of this for both the US and China.
  9. Economics

    10 Countries With The Biggest Forex Reserves

    Without adequate reserves, a nation's economy can grind to a halt. Here are the 10 nations with the biggest forex reserves.
  10. Forex Fundamentals

    Why The Swiss Franc Is So Strong

    We look at the recent and historic strength of the Swiss franc, as well as recent actions by the Swiss National Bank.

You May Also Like

Hot Definitions
  1. Adverse Selection

    1. The tendency of those in dangerous jobs or high risk lifestyles to get life insurance. 2. A situation where sellers have ...
  2. Wash Trading

    The process of buying shares of a company through one broker while selling shares through a different broker. Wash trading ...
  3. Fixed-Income Arbitrage

    An investment strategy that attempts to profit from arbitrage opportunities in interest rate securities. When using a fixed-income ...
  4. Venture-Capital-Backed IPO

    The selling to the public of shares in a company that has previously been funded primarily by private investors. The alternative ...
  5. Merger Arbitrage

    A hedge fund strategy in which the stocks of two merging companies are simultaneously bought and sold to create a riskless ...
  6. Market Failure

    An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers ...
Trading Center