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Impacts of the Cost of Quality Components on Business Execution and the Strategies to Minimize the Cost of Poor Quality
Journal: International Journal of Engineering and Management Research (IJEMR) (Vol.9, No. 1)Publication Date: 2019-02-28
Authors : Shobhendu Prabhakar;
Page : 165-170
Keywords : 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.;
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Abstract
This 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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Last modified: 2019-06-13 17:31:57