Cost of Poor Quality

There is a cost of poor quality.  Yes you may save a few bucks, but in the end it can cost you much, much more than you save.  The cost of poor quality has been studied extensively — so much so in fact that it has its own acronym well known among scholars.  It’s COPQ.  Funny, eh?  This article, from Wikepedia, discusses the cost of poor quality. Don’t victimize yourself by buying cheap only to save a few bucks.  Buy the best and be better served.  You deserve it.


cost of poor quality

Cost of poor quality (COPQ) or poor quality costs (PQC), are defined as costs that would disappear if systems, processes, and products were perfect.

COPQ was popularized by IBM quality expert H. James Harrington in his 1987 book Poor Quality Costs.[1] COPQ is a refinement of the concept of quality costs. In the 1960s, IBM undertook an effort to study its own quality costs and tailored the concept for its own use.[2] While Feigenbaum’s term “quality costs” is technically accurate, it’s easy for the uninitiated to jump to the conclusion that better quality products cost more to produce. Harrington adopted the name “poor quality costs” to emphasize the belief that investment in detection and prevention of product failures is more than offset by the savings in reductions in product failures.


Read more at: http://en.wikipedia.org/wiki/Cost_of_poor_quality

So what does the cost of poor quality have to do with paracord bracelets?

If you want a paracord bracelet that worth the money you pay, don’t be afraid to pay a little more.  A $30 paracord bracelet may seem high-priced to you, but a $6 one will have a third of the paracord or less, will be stiched badly and will come apart easily.  Get the best and it will look much better, will last longer and will be more useful as a survival bracelet.

Where do you draw the line on poor quality items vs. quality items?  Let us know your thoughts.

 

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