Cost of Quality
Track internal and external failures as well as Good Quality costs (appraisal and prevention) with Intellect’s Cost of Quality (COQ) app to strategically reduce Poor Quality costs.
Measure the Cost of Quality with our CoQ app to show how quality initiatives impact your bottom line
Key features of Intellect’s CoQ app
- Informed Decision-Making: Provides actionable insights into cost drivers, helping prioritize investments in quality improvements
- Continuous Improvement: Encourages a culture of quality throughout the organization by consistently monitoring and optimizing quality processes
- Strategic Resource Allocation: Optimizes spending on appraisal and prevention efforts, ensuring resources are used effectively to prevent costly failures
- Increased Profitability: Lowers the costs associated with defects, rework, and customer complaints, directly impacting the bottom line
Watch a 1-minute CoQ overview video:
Boost Profitability by Cutting Waste
Controlling the cost of quality directly impacts your bottom line. Quality issues like defects and rework drain resources and reduce profits. By monitoring CoQ with Intellect’s Cost of Quality software, you reduce the risk of costly oversights and keep customers satisfied. Furthermore, every dollar saved in waste reduction and quality control gives your company a competitive edge.
Protect Your Brand with Intellect eQMS
Managing quality costs protects your brand’s reputation. Customers expect consistency and unchecked quality issues can plummet sales. A proactive quality approach helps attract repeat business and customer referrals, driving long-term growth. Measuring Cost of Quality can be a tedious process, but Intellect’s CoQ app — available as an integrated part of our eQMS software — sets it on auto-pilot.
Quick quality reads related to QMS cost savings
