Quality Management Systems

The Quality Management Systems Market Research Study delivers current market analysis plus a five year market and technology forecast.

Quality Management Systems Market Extends Beyond Manufacturing to Other Industries

The Quality Management Systems (QMS) market focuses on modern QMS solutions that represent the evolution of quality management to its current portfolio of solutions. Today, a comprehensive portfolio of quality solutions would include audit management, compliance management, corrective and preventive actions (CAPA), defect tracking, document management, feedback tracking, incident management, nonconformance tracking, risk management, and supply chain quality. Some QMS providers focus on specific areas such as SPC, quality assurance assessment, and enterprise quality consulting.

While quality assurance and overall continuous improvement methods have been in place for decades in discrete manufacturing, adoption of these quality methods has moved to other industries like life sciences/pharma, medical devices, consumer goods and services, and non-manufacturing industries like power generation and utilities, financial and banking services, consumer goods, and food & beverage. Overall growth in the quality management software market will be driven primarily by the demand for more reliable products by consumers in emerging markets. One of the major trends in this market is the rapidly growing sales of goods over the Internet that will require producers to offer quality products that, ideally, will not be returned, as processing these returns represents a significant cost center that can erode profit margins.

Quality Management Systems Strategic Issues

In addition to providing a five-year market forecast, the Quality Management Systems market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Make Quality Assurance a Key Business Strategy

Today’s QMS solutions portfolios offer a complete range of quality management applications. Users can select from audit management, CAPA, compliance management, document control, risk management, supply chain quality, and more. While each company will select and tailor quality solutions to fit their specific industry, manufacturing and production requirements, and business processes, the best approach in establishing a quality management process is to assess and evaluate the overall enterprise process. This means establishing a quality assurance methodology across the product lifecycle where quality methods are integrated or “baked into” the product, from design to manufacturing. This could involve implementing proven quality methods such as SPC, Lean, and other continuous process improvement strategies. Many of the QMS solutions in the market today are based on these established quality methods and selecting these solutions will help in establishing these quality assurance strategies.

Select Quality Management Solutions Developed Specific to Your Industry

QC methods and solutions have long been associated with manufacturing and end item inspection of products to eliminate defective parts. Quality management methods have evolved to include many other industries and service sectors. Today, it is common to find QMS solutions for the financial and banking, life sciences and pharma, consumer goods, energy, and several other industries beyond manufacturing. Users of QMS solutions should carefully examine the many options in the quality management space and find the solution that is the best fit for their products and business processes.

Select Quality Management Systems That Adheres to Quality Standards

ISO-9001 is a documented set of requirements internationally recognized as a best practice approach to establishing effective and efficient quality management systems. ARC expects to see more integration of ISO-9001 quality management concepts with other industry management types and standards, such as those addressing workplace safety and environmental systems.

More quality management solutions are being used for sustainability and environmental issues. There is a specific focus by both standards bodies like ISO-9001 and QMS suppliers on the environmental and social impacts a company’s quality management policies can have on the communities where they operate.

ISO-9001 calls for companies to pursue continuous improvement of process efficiency. Lean manufacturing and Six Sigma methods represent two proven improvement methodologies adopted by virtually all industries. Expect to see an even greater push to incorporate these methods into individual companies’ quality management systems, if not directly, with the strongest focus on the most straightforward approach, which is Lean.