What does Poor Quality Really Cost?
Calculating the actual cost of quality problems is not straightforward. Some of the expenses are apparent, but many are not. Quality is important to customers and to business profitability. So, truly understanding the cost of quality warrants the effort. Fortunately, advanced manufacturing technologies can help analyze and understand expenses plus reduce quality problems and escapes.
Julie Fraser‘s guest post on PTC’s blog outlines some ways advanced manufacturing technologies can help avoid quality problems, spot patterns to improve processes, and improve team communication. Explore this to consider whether you’ve included all of the costs of poor quality and prevented them in your operation.
For related research, read Lower Six Manufacturing Costs with IoT to explore how new technologies can help keep manufacturing expenses in check.