I hope you’ve had a great week.
Today, I want to discuss quality costs and how they affect your bottom line.
“Quality costs can be found in prevention costs; detection costs (auditing), rework, scrap, downtime and material costs. “
Effective organizations know and pay close attention to their quality costs. They invest in prevention plans to ensure quality is always delivered to the customer and to safeguard their profits.
Hope you enjoyed this short Friday tip.
As always, “Success is continuous improvement.”