Tips

What is Cost of Quality and How to Calculate It?

Cost of Quality is the sum of the costs related to providing a quality product and the costs related to not providing a quality product. While being an effective measure to identify cash drains, it can also be used to balance the price and quality relationship of your products.

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5 Tips for Supplier Performance Management

Following supplier performance management best practices and using proper metrics could help you identify and deal with supply chain issues early on, avoiding stock-outs, production bottlenecks, or other complications that could arise due to unreliable suppliers.

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What is Throughput Time?

To put it bluntly, throughput time is the time required to make a product. But it’s not only about standing by the assembly line with a stopwatch.

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