Cost Of Poor Quality and Reliability: “Pay Me Now, or Pay Me Later.” (Feat. Andrew Amirnovin)

In this episode... Adrian and Sofeast's head of New Product Development, Andrew Amirnovin, delve into the topic of the cost of poor quality and reliability and why the phrase “Pay Me Now, or Pay Me Later" is so appropriate for when engineers talk about it. You'll learn what makes up the cost of GOOD quality and reliability and why this amount is actually dwarfed by the cost of POOR quality and reliability. So if manufacturers don't pay now before production to solve and avoid issues, they're certainly going to pay a lot more later to put them right (if you even can by then)!   Show Sections 00:00 - Greetings and introducing the topic. 01:34 - What does “Pay Me Now, or Pay Me Later" mean? 03:34 - Why is the cost of poor quality so important? 05:34 - What is the difference between the cost of GOOD and POOR quality & reliability? 07:18 - What drives up prevention costs? 09:31 - What drives up appraisal costs? 18:40 - What drives the cost of internal failures? 22:56 - What drives the cost of external failures? 26:55 - Our recommendation: Pay now! 30:27 - Key takeaways from this episode.   Related content... What is Design for Quality (DFQ)? What Is “Quality?” Watch 3 quality experts discuss the cost of quality on our YouTube channel What To Do If You Have A High Product Return Rate? [6-step Process] You NEED to do product qualification BEFORE mass production! How To Do Product Reliability Testing?   Get in touch with us Connect with us on LinkedIn Send us a tweet @sofeast Prefer Facebook? Check us out on FB Contact us via Sofeast's contact page Subscribe to our YouTube channel   Subscribe to the podcast  There are more episodes to come, so remember to subscribe! You can do so in your favorite podcast apps here and don't forget to give us a 5-star rating, please: Apple Podcasts Spotify Stitcher Google Podcasts TuneIn Amazon Podcasts Deezer iHeartRADIO PlayerFM Listen Notes Podcast Addict Podchaser