Impacts of the Cost of Quality Components on Business Execution and the Strategies to Minimize the Cost of Poor Quality
DOI:
https://doi.org/10.31033/ijemr.9.1.15Keywords:
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 ManagementAbstract
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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Copyright (c) 2019 Shobhendu Prabhakar
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