9 Key Strategies to Minimize the Cost of Poor Quality

For many organizations, quality-related costs go as high as 15 to 20 percent of their sales revenue, with some even going up to 40 percent of total operations. Ideally, for a company to thrive, cost of poor quality should be 10 to 15 percent of the operation cost. However, an effective quality management program can lower this cost substantially and in turn directly contribute to the organization’s profits.

  • Lowering CoPQ requires you to understand the length and breadth of your processes
  • Difficulty in tracking quality quite often translates into millions of dollars being lost every year
  • This approach not just aggregates all possible issues across the length and breadth of your processes, but it also helps define preventive measures and maps it to the end result.

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