What is Cost of Quality?
What You Need to Know About Cost of Quality
What if someone told you that within your business, whether it is a hospital, a factory or a grocery store, you have a separate little business that is a miniature, mirrored image of the full-sized operation. The only difference besides size is that everyone’s job in this mini-operation is to make, find or fix bad products or services, all day, every day. The equipment in the mini-facility is dedicated strictly to making bad products and reworking the rejects if possible. The inventory…you guessed it. It will all become scrap.