ASQ Recognizes Companies for Creative and Innovative Solutions That Save Money, Improve Quality - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 22, 2014 Newswires
Share
Share
Post
Email

ASQ Recognizes Companies for Creative and Innovative Solutions That Save Money, Improve Quality

Targeted News Service

MILWAUKEE, May 21 -- The American Society for Quality issued the following news release:

United Arab Emirates' Dubai Aluminium and Argentina's Tgestiona were awarded gold-level status at ASQ's International Team Excellence Awards for increasing quality and financial savings.

ASQ announced the gold-level winners -- along with silver-level and bronze-level winners -- at its World Conference on Quality and Improvement at the Hilton Anatole in Dallas. In its 29th year, 38 teams from 14 countries competed for gold, silver and bronze status.

The ITEA process is the only one of its kind that recognizes organizations worldwide for successfully deploying quality processes. The ITEA criteria provide a framework to enable teams to efficiently contribute to overall organizational improvement efforts.

Since 1985, organizations like 3M, Alcoa, Boeing, Ford and more have showcased proven results with long-term implications, resulting in cost savings of millions of dollars.

Gold, silver and bronze awards are awarded to teams that achieve minimum scores in each awards level. Teams are judged during Quality Impact Sessions at ASQ's World Conference on Quality and Improvement, where teams demonstrate real-life applications and success of quality processes.

Dubai Aluminium's Stub Repair Reduction Team used Lean Six Sigma and DMAIC methodology to reduce repair costs by reducing product damage from 6 percent to 3 percent, resulting in an annual savings of US$1.3 million.

"Winning ASQ ITEA Gold is an excellent achievement," said Abdulla Kalban, managing director and CEO of Emirates Global Aluminium PJSC, of which Dubai Aluminium is an operating entity. "It not only highlights the spirit of innovation within our organization, but also reflects the value-add of strong teamwork."

Tgestiona's Matter of Time Team used Six Sigma to address the process for handling customer access to the company's systems, which affects more than 20,000 users of 256 systems. The results included reducing the error rate from 10 percent to 0.05 percent, and reducing processing time from 26 days to less than three days.

"The team and I are all very excited about achieving the gold-level award," said Maria Laura Festa, quality and process manager. "My team and I worked really hard to achieve this price and dedicated months (including personal time and weekends) to do a good job, both with the project that we implemented in our organization and also with the presentation in order to reflect our project as accurately as possible by following the ITEA criteria. We are glad this hard work was reflected in our live presentation based on the results achieved."

Teams that reached silver- and bronze-level status included:

Silver-Level:

- Khazanah Nasional Berhad, Team Blitz, Kuala Lumpur, Malaysia

Khazanah Nasional Berhad's team managed to reduce the payment cycle time by more than 50 percent and improve employee morale and increase personnel marketability from experiences gained throughout the project, which focused on improving the payment processing cycle at a branch office.

Bronze-level:

- Genpact, Transforming Order to Cash Process, Johannesburg, South Africa

The team successfully carried out an order-to-cash process transformation project for a multinational beverage company by analyzing people, process and technology levers across the organizational cross-functions using Lean Six Sigma methodology, a robust change management framework and strong project management methods. The project improved weighted-days-to-collect from 59.9 days to 49.4 days, positively impacting cash flow by $19.6 million and recovering potential bad debt of $6.4 million.

- Max Life Insurance Co. Ltd., Proactive Retention Team, Gurgaon, Haryana, India

This project addresses the progression of company-customer relationships and demystifies why customers let go of their precious investments and simply walk away. The project impacted each and every stakeholder of Maxlife. Generating revenue of more than US$77 million and additional renewal premium income of US$100 million, this is a fascinating story of combining the systematic data-based understanding of the customer's world and translating that into business benefits.

- Shanghai Johnson Controls Yanfeng Seating Mechanisms Co., Ltd., JCYM Continuous Improvement Team, Shanghai, China

This project focused on improving a flatness-testing system. The improvement provided the potential for a US$2.5 million cost reduction by optimizing the flatness-testing process and adjusting the fixture that guarantees accuracy of result.

- Volkswagen Argentina -- Cordoba Plant, Contact Zone, Cordoba, Argentina

This problem-solving project dealt with a transmission failure detected during road tests before the launch of a new VW light commercial vehicle. As a result of applying quality tools and methodologies, the failure was solved and the launch date was met, avoiding 100 million euros in potential corporate losses, 7 million euros in potential warranty claims and 3 million euros in machinery investment.

To aid organizations in achieving performance excellence, ASQ will be offering a training and coaching program designed around the ITEA criteria to assist organizations worldwide develop and sustain high performing teams. For more information on this unique training and coaching opportunity, please email Kevin Braley at [email protected].

Since 1985, more than 1,050 teams from Argentina, Canada, China, Colombia, Germany, India, United Arab Emirates, the United States and more have participated in this team recognition process.

The 2015 International Team Excellence Award Process Final Round will be held at ASQ's 2015 World Conference on Quality and ImprovementMay 4-6, 2015, in Nashville, Tennessee. Intent to submit forms for the 2014-15 award cycle are due July 1 and entry materials are due Sept. 9.

For information on how to participate in the 2014-2015 International Team Excellence Award process, visit wcqi.asq.org or email [email protected].

TNS 18EstebanLiz-140522-30FurigayJane-4742800 30FurigayJane

Copyright:  (c) 2014 Targeted News Service
Wordcount:  893

Older

ACLI Urges Immediate Passage Of Capital Standards Legislation

Advisor News

  • Why advisors should be talking about life settlements
  • Millennials are ready to bring their advisor to the family table
  • How healthcare inflation can eat up a client’s retirement income
  • Global economy ‘resilient’ in the wake of massive disruption
  • Cryptocurrency legislation takes one step forward with bipartisan support
More Advisor News

Annuity News

  • NAIC regulators continue pushing for annuity illustration updates
  • Wink: Flat first-quarter annuity sales fall just short of $100B
  • 26North Re Agrees to Acquire 100% of Independent Insurance Group
  • Matthew Michelini named Athene president, with an eye on annuity growth
  • Lincoln Financial Announces Executive Leadership Transitions
More Annuity News

Health/Employee Benefits News

  • Tom Campbell: We're paying too much for poor health care
  • Self-pay and dental care: Can paying cash without insurance help you save?
  • These Connecticut-based companies made this year's Fortune 500 list with revenue up to $275 billion
  • Surgery transforms epilepsy patient's life
  • Arizona AG accuses health insurance companies of illegal price fixing
More Health/Employee Benefits News

Life Insurance News

  • Prudential announces more layoffs as insurer continues to restructure
  • Pradip Patiath Joins Securian Financial Board of Directors
  • Over $107 million in life insurance benefits located for Tennesseans in 2025
  • Study Data from National Institutes of Health Provide New Insights into Law and the Biosciences (Taking actuarial fairness seriously: what is required for the ethical use of genetics in insurance?): Legal Issues – Law and the Biosciences
  • 26North Re Agrees to Acquire 100% of Independent Insurance Group
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Press Releases

  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet