Gain Insight into Your Company’s Deficiency Expenses

Understanding the financial implications of poor quality is crucial for any business striving for excellence. It’s often challenging to get a complete picture of the costs associated with errors, defects, deviations, and corrective actions. With Wismatix QMS, we simplify this process.

The module goes beyond the surface to quantify the true impact of quality on your operations. We provide you with a comprehensive overview of the financial resources spent on addressing CAPA (Corrective and Preventive Action) issues, allowing you to pinpoint areas for improvement.

By recording the extra expenses linked to CAPA cases, you can precisely evaluate how much you invest in rectifying supplier defects, addressing customer complaints, and managing various quality-related incidents. With this newfound transparency, you can make data-driven decisions and actively reduce costs while enhancing overall value.

Explore the key features, user advantages, and company benefits below to uncover how the ‘Quality Costs’ module can help you optimize your quality management.

  1. Comprehensive Cost Tracking: Record and track all costs associated with CAPA issues, providing a detailed breakdown of expenses.
  2. Issue-Specific Breakdown: Analyze costs related to specific types of quality issues, such as supplier defects or customer complaints.
  3. Cost Reduction Insights: Identify areas for cost reduction and process improvement by evaluating historical quality expenses.
  4. Data Export: Easily export cost data for in-depth analysis, reporting, and collaboration.
  1. Precise Cost Visibility: Gain a clear understanding of where your quality expenses are going, helping you allocate resources more efficiently.
  2. Informed Decision-Making: Make data-driven decisions to reduce costs, improve processes, and enhance overall quality.
  3. Strategic Quality Management: Identify patterns and trends in cost data to develop proactive quality management strategies.
  4. Resource Optimization: Streamline your quality processes, allocate budgets effectively, and drive cost reductions.
  1. Improved Profitability: Reduce costs and boost profitability by addressing quality issues more effectively.
  2. Enhanced Reputation: Deliver higher-quality products and services, enhancing your brand reputation and customer trust.
  3. Sustainable Growth: Ensure long-term success by optimizing quality processes and resource allocation.
  4. Competitive Edge: Outperform competitors by offering superior quality while managing costs efficiently.
tracking of quality expenses
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Summary:

In summary, the module empowers you to take control of your quality-related expenses. By quantifying the financial impact of poor quality, you can make informed decisions, reduce expenditures, and enhance your organization’s overall profitability.

Unlock the true potential of your quality management with the ‘Quality Costs’ module and discover how it can drive sustainable growth and competitiveness in your industry.

Get a 4-week free demo account

Wismatix QMS is an online quality management system (eQMS) available on your favorite platform through your preferred web browser.
The system is fast and easy to use on a daily basis, and you get access to a very efficient analytical tool that helps you get the most out of your registration and improvement efforts.

Wismatix QMS contains all the features you need to run your management system as efficiently as possible.

The system supports multiple standards within quality management, environment management, food safety, IT security, and medical devices, e.g.:

  • Quality management standards and regulations – ISO 9001, ISO 13485, MDSAP hereunder FDA 21 CFR Part 820
  • Environmental management standards – ISO 14001, ISO 45001
  • IT security management standards ISO 27001, FDA Title 21 CFR Part 11

Get your own hands-on experience with a FREE Demo account.
– If you’re serious about simplifying and boosting your Quality Management System, then go ahead and sign up now, no strings attached!

With a free demo account, you can get your own hands-on experience in our sandbox environment for a whole 4-week period.

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