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What (who) is quality cost - definition

MANAGEMENT APPROACH ORIGINALLY DEVELOPED TO THE BRITISH AUTOMOTIVE INDUSTRY

Quality, Cost, Delivery; QCDMS

Quality, cost, delivery

Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), is a management approach originally developed by the British automotive industry.Department for Trade and Industry, Quality, cost, delivery: measuring business performance, page 2, published March 2005, accessed 2 March 2022 QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical decisions.

https://en.wikipedia.org/wiki/Quality,_cost,_delivery

Quality costs

Cost of quality

In process improvement efforts, quality costs or cost of quality is a means to quantify the total cost of quality-related efforts and deficiencies. It was first described by Armand V.

https://en.wikipedia.org/wiki/Quality_costs

Inverse cost and quality law

OBSERVATION ABOUT HOLLYWOOD FILMMAKING

Inverse Cost and Quality Law

The inverse cost and quality law attempts to formalize any Hollywood cinema production characterized by a large budget and, by negative correlation, poorly perceived critical attributes. American writer David Foster Wallace coined the term and established the genre’s attributes, symptoms or diagnostic features in a 1998 article titled, "F/X Porn" by which Wallace primarily critiques the weaknesses of Terminator 2: Judgment Day (1991), a blockbuster film directed by James Cameron.

https://en.wikipedia.org/wiki/Inverse_cost_and_quality_law

Wikipedia

Quality, cost, delivery

Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), is a management approach originally developed by the British automotive industry. QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical decisions. By using the gathered data, it is easier for organizations to prioritize their future goals. QCD helps break down processes to organize and prioritize efforts before they grow overwhelming.

QCD is a "three-dimensional" approach. If there is a problem with even one dimension, the others will inevitably suffer as well. One dimension cannot be sacrificed for the sake of the other two.

https://en.wikipedia.org/wiki/Quality, cost, delivery

Examples of use of quality cost

1. Yahoo is also utilising the Teleglobe VTS Service to ensure high quality, cost effective retail termination for users of Yahoo!

2. We‘re highly trained, offer high quality cost–effective services and our communities respect us, so why aren‘t we doing even more?

3. We‘re highly trained, offer high–quality cost–effective services and our communities respect us, so why aren‘t we doing even more?

4. While giving an assurance that the Corporation would continue to be owned by the government and that there was no need for apprehensions over privatisation, he told the managements to regard themselves as commercial organizations and excel in an increasingly competitive market by maintaining high standards of quality, cost, delivery, efficiency, speed and customer service.

5. LG has surpassed the 10 million unit mark in worldwide sales in 2004, and its success can be attributed to quality, cost leadership and excellent marketing activities, he said. «The business of air–conditioners is heavily influenced by the local construction industry, and large orders are won or lost depending on price and quality competitiveness,» C.K.