COST OF QUALITY PRACTICES AMONG INDIAN INDUSTRIES

Quality cost system has the potential to become an excellent tool in the overall management of a business. It can provide an indication of the health of management performance in many areas of a company. The implementation of quality costing can produce significant benefits. However, Cost of quality tracking was not as widespread as some would believe. Companies which failed to use significant opportunities to reduce their costs of quality lost money. A survey of north Indian industries was conducted to find out various cost of quality practices followed by them.