(LNS: Cambridge, MA) -- LNS Research’s latest report, “Measuring Cost of Quality as a Holistic Business Metric” provides executives and plant managers with a strong understanding of the cost of quality’s strengths as well as how companies can implement it into their operational excellence frameworks. The cost of quality is a comprehensive measurement of the costs incurred in delivering high-quality products. Broken down, the metric is comprised of the cost of good quality and the cost of poor quality.
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This research spotlight document provides insight into the critical metric and will help quality professionals in the following areas:
• Using the cost of quality as a holistic business metric
• Key components of the cost of quality formula: cost of good quality and cost of poor quality
• Challenges in measuring the cost of quality
• Benchmarking the cost of quality to improve performance
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