control costs

control costs

the costs to a firm of avoiding making defective products. Control costs fall into two main categories. First prevention costs, which are the costs of pre-production activities aimed at preventing defects. Prevention costs include costs of preparing quality manuals and procedures, training, process planning and collecting data about product quality Second, appraisal costs, which are the costs of eliminating defects after they occur but before products reach the customer. These costs include final goods inspection, inspection during the production process, and laboratory testing. See QUALITY COSTS, QUALITY CONTROL, NORMAL CURVE.
References in periodicals archive ?
Contract notice: Medical gas supplies - supplies, services and help control costs fluids medical uses
The head of UBS AG's (NYSE: UBS) wealth management unit has opined that the bank needs to take steps to control costs.
It is designed to provide techniques and trends for the successful marketing of products and services, increase traffic, control costs, establish and build brands, generate sales and manage the details of a show schedule.
Even developments in PMC packaging and delivery have made a difference for mills seeking to control costs and optimize performance.
Because wear parts are designed to be expendable, experts agree that following a replacement schedule is the best way to control costs.
the relative ability of each party to control costs and its incentive to do so
Replacing the ARC-220 high frequency control costs the unit $5,287, minus the $2,882 unserviceable credit.
Pineault says flex benefit plans are excellent tools to control costs, but adds, from an "HR perspective, they are hard to communicate with the employees.
Not only is it more accurate, but Conair's CSC Series cutter with positional control costs 84000 less than velocity-based servo models.
Combined, the team has more than 50 years' experience in helping real estate and corporate clients control costs and manage risks associated with environmental issues.
The industry trend, however, "has been to control costs by offering low-cost alternatives that strip out benefits some employees truly value," she said.