Many organizations view quality as an unavoidable expense, especially when proactive processes are in place to prevent nonconformance. However, there’s a significant difference between investing in quality upfront and the costly consequences of addressing poor quality after the fact. So, what exactly is the Cost of Poor Quality?
Many organizations might see quality as an expense that is a necessary evil, especially when they have proactive processes in place to avoid nonconformance. But the reality is that there’s a big difference between the costs of good quality and the costs associated with handling and fixing poor quality products. What is the Cost of Poor Quality?
Poor quality comes at a cost—affecting finances, customer trust, and long-term success. Learn how the Cost of Poor Quality (COPQ) impacts businesses.
Scaling compliance in biopharma is no small task. As regulations evolve and manufacturing complexities grow, companies need the right solutions to maintain quality, ensure data integrity and streamline processes.
We’re excited to announce that ETQ Reliance® has been recognized with several G2 Badges for Winter 2025, based on reviews from our customers.
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Supply chains become more complex, and regulations become more stringent. This has naturally contributed to a rise in product recalls over the past few years, and these recalls show no signs of slowing down. In fact, according to Sedgwick, recalls in 2024 saw a record high number of product recalls and that trend is expected to continue in 2025.
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Poor quality control can have ongoing repercussions for food and beverage brands. In addition to the financial impact of recalls, reputational damage which leads to a drop in sales, is also a strong possibility. ETQ polled food and beverage companies in 2024 on their approach to quality and how they cope when things go wrong. In this blog, we dive into the data to uncover the true cost of poor quality, both financial and reputational.
Advances in technology, increased regulatory security and a growing focus on sustainability mean that compliance requirements are becoming stricter across many industries. Protecting brand reputation and preventing costly recalls are driving organizations to make company-wide compliance a top priority.
German manufacturers are facing more product recalls than ever before. Across 750 global organizations surveyed in the recent Pulse of Quality in Manufacturing Report, 48% stated product recalls had increased in the last five years.
Automation plays a key role in improving quality systems in German manufacturing. Already, 86% of German manufacturers use automated quality management systems.
In the world of heavy industry, the cost of poor quality can be monumental. From manufacturing and construction to mining and oil production, companies that operate in these fields face unique challenges in managing quality.
With 60% of electronics companies reporting a product recall in the last five years, it’s clear that even the most advanced technology can find maintaining good quality a challenge.
Quality management in UK manufacturing is undergoing a significant shift driven by automation and AI. Manufacturers in the UK are increasingly recognizing the power of automation to enhance quality management.
UK product recalls are rising and their costs are staggering, though manufacturers can reduce the risk of recalls with AI and supplier oversight.
The 2024 ETQ Reliance® Customer Conference in Dallas has officially wrapped up! ETQ spent a week in “Big D” – Dallas, Texas – with customer, partners, industry experts and our colleagues from Hexagon discussing all the great things that “Quality Creates” and the ripple effect it has on quality throughout your organization, your customers, your community and your industry.
46% of companies surveyed report between 11 and 20 safety incidents annually, indicating that persistent on-site challenges are impacting workforce safety. This has a knock-on effect on product quality. Supply chain pressures and widening skills gaps further complicate these issues, making it essential for organizations to adopt proactive measures to address ongoing challenges.