It is very important for a company to achieve the customer specification, which is known as the quality of a product. In class, you have learnt that inspection is one of the ways to maintain the product quality. We know that the cost of performing inspection is inversely related to the cost of quality failure. So, the cost of quality failure can be reduced by increasing the level of inspection, which in turn will increase the cost of inspection. Sometimes this increased cost is not feasible for the company. Is there any other ways to reduce the cost of quality failure without crossing the feasible limit of the cost of inspections? Explain
It is very important for a company to achieve the customer specification, which is known as the quality of a product. In class, you have learnt that inspection is one of the ways to maintain the product quality. We know that the cost of performing inspection is inversely related to the cost of quality failure. So, the cost of quality failure can be reduced by increasing the level of inspection, which in turn will increase the cost of inspection. Sometimes this increased cost is not feasible for the company. Is there any other ways to reduce the cost of quality failure without crossing the feasible limit of the cost of inspections? Explain
(Please make sure that you understand that cost is an important factor. Do not copy concepts from the Internet. Try to think about the situation and answer)
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