quality cost
- noun
- Specialized
- By investing in training, they reduced their quality cost, ultimately saving money on product returns.
Examples
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There will be more savings in material overhead from fewer parts to purchase, less inventory to pay for, less expediting, and lower quality costs from better qualifications of parts and suppliers.
Academic text (2011) -
Evaluating the quality cost helped the management pinpoint areas where efficiency could be enhanced.
-
To maintain high standards, the company allocated a larger budget for quality cost to cover improvements and inspections.
Synonyms
The total money a company spends to make sure products are good and to fix problems when they are not
How Costly
- Slang
- Specialized
Surface Forms
Morphology
The phrase 'quality cost' is a transparent noun–noun compound whose meaning ('the cost related to quality') can be directly inferred from 'quality' (standard/level of something) + 'cost' (monetary amount). This compositional pattern is common cross-linguistically, so a B1 learner who knows both words would grasp the general idea even if they lack technical details about prevention/appraisal/failure subcategories.
Etymology
Quality cost joins quality, which means how good something is, and cost, which means the money spent, to paint a simple picture: a price tag for quality. So it means 'the total cost of making sure products or services are good and of fixing problems'.