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» Products & Services » » Quality, Compliance and Regulatory » Assuring Quality Programs

Warranty Management Excellence: Examining Policies, Quality Reporting and Root Cause Failure

ID: 5170


Features:

15 Info Graphics

15 Data Graphics

125+ Metrics

9 Narratives

1 Best Practices


Pages/Slides: 45


Published: Pre-2014


Delivery Format: Online PDF Document


 

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  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-members: Click here to review a complimentary excerpt from "Warranty Management Excellence: Examining Policies and Quality Reporting"

STUDY OVERVIEW

Challenged with evaluating high costs and increasing quality of manufactured products, companies are rethinking warranty policies and reporting frameworks. This study presents how companies deploy their warranty management policies and systems to quickly resolve problems, win customer loyalty, and reduce costs. More specifically, the research examines the length and number of warranty periods, warranty enforcement, and root cause failure reporting. Manufacturing executives can use this study to compare their warranty policies and quality reporting strategy against industry trends.

Best Practices, LLC conducted this study to highlight different warranty management practices that leading organizations utilize to garner customer satisfaction and minimize costs. In addition, the study explores innovative warranty practices and root cause failure reporting to customers and key suppliers.

KEY TOPICS

  • Warranty Periods & Policies
  • Quality Reporting & Root Cause Failure Analysis
  • Insights & Future Trends for Warranty Management
SAMPLE METRICS
  • Primary leadership role allocation for the warranty management activities
  • Number of different stand product warranty periods offered
  • Length of standard warranty period
  • Use and length of warranty grace periods in excess of standard warranty period(s)
  • Root cause failure analysis reporting for your external customers
  • Type of quality performance information provided to key suppliers
SAMPLE KEY FINDING

Number of Warranty Periods Offered: Approximately half of benchmark companies (52%) provide a single standard warranty period to customers for all their products, which is most often 12 months.  Furthermore, the products at 76% of companies are covered under 1 – 3 warranty periods per organization. The use of multiple standard warranty periods is generally driven by product complexity challenges; products that demand additional assistance in the form of installation or customer training often require a longer warranty time frame. 

Use of Warranty Grace Periods: More than half of participating companies allow for a “grace period” in which to return products which extends beyond the length of the normal standard warranty period.  This grace period is generally enforced on an informal (rather than formal) basis, and typically lasts – depending on the customer – for 2-3 or 4-6 months.

METHODOLOGY

The research employed a data gathering approach that gleaned both quantitative and qualitative data from a representative sample of 24 leading global organizations. Leaders from five benchmark organizations provided additional insights through deep-dive interviews.


Industries Profiled:
Manufacturing; Health Care; Pharmaceutical; Diagnostic; Consumer Products; Aerospace; Electronics; Defense; Medical Device


Companies Profiled:
ABB; Arcelik; Avago Technologies; BAE Systems; Baldor Electric; BorgWarner; Cessna; Covidien; EnerSys; ExpressPoint; Goodrich Aerospace; Honeywell; IDOM; Kinetic Concepts; Medtronic; ORA Innovations; Parker Hannifin; Petroltecnica; Pyrotec; Saudi Aramco; Sauer-Danfoss; Schneider Electric; Sonoco; TVS Brakes

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.