Tag Archives: Hidden Costs

What are Hidden Factory, Cost of Quality? The two types of cost of quality – Visible and Hidden

What is cost of quality defects? Cost of quality defects is the cost incurred due to poor quality. The cost can be measured as a percentage of lost sales. For many companies, the costs for quality defects amounts up to 40% of total sales turnover. In other words, you can improve your sales by up […]

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