Explain how improving quality can lead to reduced costs

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22-05-2018
Biology

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Explain how improving quality can lead to reduced costs

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calayti calayti · Answer 1 · 2018-05-31T16:57:52+02:00

Improving quality of a product can lead to a lower cost since if products are faulty, the customers will return which is sometimes need to be replace thus it would be a profit loss but if it is of good quality this can be avoided. Another would be if there is no warranty in the shop it can damage the reputation causing them to lost customers and can also result to lawsuits. If there is good quality then these can't be happening.

jayilych4real jayilych4real · Answer 2 · 2021-10-23T12:18:03+02:00

Improving quality in manufacturing process can lead to reduced costs because:

There is a reduction in production failures
There is a reduction on inspection budget
The production process is more effective

Manufacturing is the process of making a new product through various processes such as:

Packaging
Branding
Production of the item, etc

As a result of this, we can see that there will be a reduced cost if there is an increase in quality of the manufacturing process. THis would lead to increased efficiency among other things.