Advantages Failure mode and effects analysis

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catalyst teamwork , idea exchange between functions
collect information reduce future failures, capture engineering knowledge
early identification , elimination of potential failure modes
emphasize problem prevention
improve company image , competitiveness
improve production yield
improve quality, reliability, , safety of product/process
increase user satisfaction
maximize profit
minimize late changes , associated cost
reduce impact on company profit margin
reduce system development time , cost
reduce possibility of same kind of failure in future
reduce potential warranty concerns






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