The total cost incurred by investing in quality, including prevention, appraisal, and failure costs.
The Cost of Quality encompasses the total costs associated with ensuring good quality and rectifying poor quality. By improving quality, managers can reduce costs and boost profits. This analysis includes four categories of costs: prevention, appraisal, internal failure, and external failure.
Internal Failure Costs: Understanding the Costs Incurred from Defects Before Delivery to Customers, Including Scrap, Rework, and Downtime.
An in-depth exploration of prevention costs, their significance in quality management, and their role in various industries.
