How does quality affect costs in production?

How does quality affect costs in production?

Quality significantly impacts production costs. Higher quality often means higher costs due to better materials and processes.

Can you give examples of how poor quality increases costs?

Sure! Poor quality can lead to rework, returns, and warranty claims, all of which increase overall costs.

Is it always better to invest in quality?

Not necessarily. While investing in quality can reduce long-term costs, it depends on the market and product type.

What are some strategies to balance quality and cost?

Strategies include using quality management systems, continuous improvement processes, and supplier quality assessments.