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Brief Description
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Balancing the need to reduce costs with the equal requirement to delivery quality output for better performance
In this decision area, you must balance cost savings against potential rework, rejects, downtime or customer complaints.
You need to understand cost variances and their impacts. By contrasting cost differences, you can benchmark performance, identify patterns and understand the root causes of cost differences. You also need to understand and analyze the value and cost of preventative measures that ensure quality such as training, appraising incoming materials, manufacturing process
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