
Importance Cost Of Quality In Manufacturing Industries
According to a study by Deloitte, India is expected to jump six ranks to No. 5 in the 2020 Predicted Manufacturing Competitiveness. A large part of the advantage is still India’s competitive labour costs. Contract workers in India are paid US$148 per month (Rs 10,000) compared to US$234 (Rs 16,000) in China. The Indian government has set an aggressive target of increasing the manufacturing share to 25% of GDP by 2025. For this to happen manufacturing quality is going to be a key differentiator in business. Companies need to invest a significant amount of time, money and effort towards delivering products and services that adhere to or exceed expected quality standards.
In the manufacturing industry, quality control is a process to measure product parameters against defined quality specifications and take requisite action if there are discrepancies. These specifications are determined through production standards and customer demands.

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