Cost of Quality Software Module from IQMS
Quality Management

Cost of Quality

Businesses lose money every day because their goods or services were not produced accurately in the first place. In some cases, this can run from 15 to 30 percent of their total costs. The EnterpriseIQ Cost of Quality module will help to drive tighter cost control by allowing manufacturers to identify and eliminate poor quality and high production costs in areas such as rejects, unscheduled machine downtime, and returns or reworking.

  • Quickly identify least profitable process and items
  • Show cost information for all dates or a specific date range
  • Monitor cost of quality for all inventory items and classes or specific items and classes
  • Identify costs associated with rejected parts off the manufacturing machine or through the returns process
  • Determine labor, inventory and material costs associated with reworks
  • Track excess freight costs associated product returns