What is PRICE OF NON QUALITY (PONQ)?

The sum of time, opportunity cost and money that is lost from the adopting wrong methods. The estimate of PQNQ is the product of the time taken to fix a mistake and the hourly wage rate.

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Related Legal Terms
QUALITY CREEP, QUALITY BY DESIGN, QUALITY PLAN, QUALITY OF DESIGN, QUALITY MEASURE, QUALITY ASSURANCE (QA), PRICE BREAKDOWN, QUALITY OBJECTIVE, QUALITY FUNCTION DEPLOYMENT (QFD), QUALITY AUDIT


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