Quality Costs

Ion Stanciu and Emilia Pascu ()

Knowledge Horizons - Economics, 2014, vol. 6, issue 4, 39-41

Abstract: Costs related to quality is an important tool for valuing quality, a potential source of profit maximization organization.They are a tool to optimize processes and activities relevant to quality because through them it is possible to identify inefficient activities, critical points in the development process. Thus, there may be more robust, concrete or improvement actions required in a particular sector of the enterprise. Quality has a cost, and this fact can not be denied. At the same time, it is true that non - quality is more expensive. Quality is considered to be expensive, because one does not calculate the costs of non - quality. From the final cost of a product, non - quality is 20%-35%. In accordance with this idea all economic sectors contain costs caused by mistakes made during the production process. To get a realistic situation, it is necessary to know the amount of costs.

Keywords: Quality; conformity; costs; evaluation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:6:y:2014:i:4:p:39-41

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