Items Tagged with 'cost of poor quality'

Outsourcing began due to a lack of skills and the desire to handle tasks internally. To bring manufacturing back, we need to ensure top quality and manufacturing in America. Find out what we need to focus on.

Sunk costs are defined as costs that have already been incurred and cannot be recovered. Proponents of the sunk cost fallacy argue that since it is a cost paid in the past and unrecoverable, it should be removed from any future decision making. 

Imagine this: Company A is an internationally respected, world-class company that manufactures high-end kitchen appliances. Their products are coveted by homeowners across the globe. 

The cost of quality isn’t discussed much. More often, the cost of poor quality hogs the limelight and the headlines. Cost of poor quality costs are believed to be 100% avoidable, and thus are assigned resources to expend extra attention and efforts to eliminate. 

“Lean isn’t going to help you if your quality is bad. Why just make bad stuff faster?”

I’ve written a lot about the growing benefits that Enterprise Quality Management Software (EQMS) can deliver.

Successful change agents consider the big picture.