Impacts of the Cost of Quality Components on Business Execution and the Strategies to Minimize the Cost of Poor Quality

Shobhendu Prabhakar

doi:10.31033/ijemr.9.1.15

Impacts of the Cost of Quality Components on Business Execution and the Strategies to Minimize the Cost of Poor Quality

Authors

Shobhendu Prabhakar Project Quality Manager, TechnipFMC, Houston, TX, USA

DOI:

https://doi.org/10.31033/ijemr.9.1.15

Keywords:

The cost of quality, The cost of good quality, The cost of conformance, The cost of poor quality, The cost of bad quality, The cost of non-conformance, Prevention costs, Appraisal costs, The cost of internal failures, The cost of external failures, Continuous Improvement, Quality Management System (QMS), Quality Assurance (QA), Quality Control (QC), Risk Management and Change Management

Abstract

his research paper discusses and analyzes the components of the cost of quality (namely the cost of good quality and the cost of poor quality), their impacts on business execution and the company’s bottom line (i.e. profits) and suggests strategies to minimize the cost of poor quality.

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Published

2019-02-28

How to Cite

Shobhendu Prabhakar. (2019). Impacts of the Cost of Quality Components on Business Execution and the Strategies to Minimize the Cost of Poor Quality. International Journal of Engineering and Management Research, 9(1), 165–170. https://doi.org/10.31033/ijemr.9.1.15