Quality and financial performance are intimately related. A fundamental responsibility of POM is to produce a competitive product or service based on a balance between quality and costs of quality.
Title: Quality and financial performance are intimately related. A fundamental responsibility of POM is to produce a competitive product or service based on a balance between quality and costs of quality.
Category: /Business & Economy/Management
Details: Words: 823 | Pages: 3 (approximately 235 words/page)
Quality and financial performance are intimately related. A fundamental responsibility of POM is to produce a competitive product or service based on a balance between quality and costs of quality.
Category: /Business & Economy/Management
Details: Words: 823 | Pages: 3 (approximately 235 words/page)
Cost of Quality
Quality and financial performance are intimately related. A fundamental responsibility of POM is to produce a competitive product or service based on a balance between quality and costs of quality. Most companies have the slightest idea on how much firms have spend on COQ, it can be as high as 20 to 40% of sales. Since the numbers are typically much higher than profits in some firms, a reduction on COQ can have a …showed first 75 words of 823 total…
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…showed last 75 words of 823 total…supervision, verification and other special plans required to achieve quality objective
*<Tab/>Quality Assurance - creation and maintenance of the overall quality system
*<Tab/>Appraisal Equipment - design, development or purchase of equipment
*<Tab/>Training - development, preparation and maintenance of quality training programs for operators, supervisors and manafers
*<Tab/>Miscellanous - clerical, travel and activites associated with quality