Cost of quality is the means of quantifying the cost of all efforts related to quality. It also covers the total cost of the deficiencies that a business encounters in its course of production (Campanella, 1990). Cost of quality is the cost inquired by an organization as a result of creating poor-quality products or offering poor services. The cost of quality increases every time work is redone on a product. Any cost that would not have incurred if the product or service was in good condition amounts to the cost of quality. The four main elements of cost of quality include prevention ...
Campanella College Essays Samples For Students
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1. Mini-Max Inventory System
Good inventory systems help employees and managers with the function of managing. For an inventory system to be effective, there is a need for a constant updates so that it functions according to plan. While computers provide an easier way of managing inventory, the real process lies in the effectiveness of employees on doing tasks that are assigned to them. I researched and figured out that a Consolidated Electrics could make use of a new sophisticated inventory system. This new inventory system is called Minimum-Maximum, or Mini-max. This inventory system involves predetermining of two levels of inventory for each ...