The Ford mantra: There is never enough time or money to do it right, but we always can find the time and money to do it over.
6,000 TVM items implemented per year
4,000 did not provide a net savings
One $0.30 TVM project led to a $5m recall
Significant amounts of money and resources have been wasted in retooling and revalidating our products for no benefit to our customers. It is certain that these actions have contributed to quality issues we are seeing today.