USING THE BUDGET IN PLANNING AND TRACKING THE COSTS OF QUALITY. A CASE STUDY

Irina Gavriluc and Ionela Ursu
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Irina Gavriluc: Alexandru Ioan Cuza University of IaÅŸi, Faculty of Economics and Business Administration, IaÅŸi, Romania
Ionela Ursu: Alexandru Ioan Cuza University of IaÅŸi, Faculty of Economics and Business Administration, IaÅŸi, Romania

Review of Economic and Business Studies, 2023, issue 32, 131-149

Abstract: Companies are promoting quality as a key factor to retain clients and win new ones from the market, and having a clear and transparent way of budgeting the costs of quality can lead to higher profits. Therefore, the current paper aims to present the relation between budgeting and the costs of quality and to build a model that will allow us to forecast these costs and monitor them via the budgeting tool. In order to achieve this, a case study was conducted on a company from Iasi, Romania, that operates in the mechanical production field. Data such as quality costs, turnover, productions costs, and quantities from past years were used, in order to analyze and to propose a budget matrix for the 2023 year.

Keywords: budget quality costs; cost of quality; forecast; budgetary matrix (search for similar items in EconPapers)
JEL-codes: M49 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2023:j:32:gavriluci

DOI: 10.47743/rebs-2023-2-0007

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