If you are trying to explain the importance of quality to management, then you need to explain it to management using the language of management — costs and return on investment. Crosby described the cost of quality as the cost of nonconformance. Juran, another quality guru, explained it as the cost of poor quality or the costs incurred as a result of poor quality. What Is the Cost of Poor Quality (COPQ)? Continue reading What Is the Cost of Poor Quality?
In the last nine months, we have observed people’s lives change drastically as a result of the COVID-19 pandemic. When offices were shut down, people quickly moved to make room for workstations in their homes. Employees went shopping for office gear to replace their dated equipment such as computer monitors, headsets, mice, and keyboards with modern ones. All this effort was to try and enhance their communication as they work from home. Continue reading Why COVID Will Change Business Communication
The search to find the right third-party logistics (3PL) partner that will suit your business’s needs can be daunting. Learn the primary considerations driving the choice of a third party logistics provider. Continue reading What Drives the Choice of a Third Party Logistics Provider?
Basic Cost Accounting Information starts with cost: a financial measure within your accounting management system defined as resources consumed or acquired in accomplishing a specified purpose such as performing a service, providing a product, or carrying out a project or program regardless of when the resources were ordered, received, or paid. Cost can be defined in a variety of ways depending on the objectives or information desired. Continue reading What Are the Uses of Cost Accounting Information?
Many people often ask: how expensive is it to develop your policies and procedures? But is this really the right question? What is the Cost to Write Policies and Procedures? Continue reading What Does It Cost to Write Policies and Procedures?
To build an on-premise cloud infrastructure or choose a hosted one? Is there a way to get the best of both worlds? Finding the right cloud solution for your business can be challenging. Service technology delivery options vary based on their deployment method. This article explores different cloud solutions and helps you choose the one that meets your needs. Continue reading Best Cloud Solutions for Business: Hosted vs. On-Premise vs. Hybrid
Are your offshore facilitates really less expensive? It all depends on how you are calculating your Total Cost of Ownership (TCO). Your TCO calculation should include all the hidden offshore manufacturing costs your new strategy will experience over the life of the project. Continue reading What Are the Hidden Costs of Offshore Manufacturing?
A manual system of document control — paper documents, logs, change records, manila folders, hanging folders, labeling “systems”, filing cabinets, a manual check-out system (with policies and protocols) — is a lot of work, no question about it. Have you ever thought about what it costs to manage such a system of policies and procedures? To answer this question, let’s look at the three main costs of managing policies and procedures: Continue reading What’s it Cost to Manage Policies and Procedures?