Advantages
- Improve the quality, reliability and safety of a product/process
- Improve company image and competitiveness
- Increase user satisfaction
- Reduce system development time and cost
- Collect information to reduce future failures, capture engineering knowledge
- Reduce the potential for warranty concerns
- Early identification and elimination of potential failure modes
- Emphasize problem prevention
- Minimize late changes and associated cost
- Catalyst for teamwork and idea exchange between functions
- Reduce the possibility of same kind of failure in future
- Reduce impact on company profit margin
- Improve production yield
Read more about this topic: Failure Mode And Effects Analysis
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