MAXLife: Cost of Quality Management ERP Software

MAXLife ERP > Life Sciences Business Challenges > Understand  and Reduce Cost of Quality

I need to understand my cost of quality for specific products and product lines.

The central theme of quality improvement is that larger investments in prevention drive even larger savings in quality-related failures and appraisal efforts. Yet, costs related to quality processes can represent 30% or more of the total product cost.

MAXLife ERP helps companies manage and reduce the Cost of Quality by:

  • Providing capture, roll up and visibility into the costs of quality management business processes

  • Capturing quality data needed for compliance, such as quality test results, inspection results, and time series information for trend analysis and reviews

  • Identifying improvement opportunities

In our experience working with Life Sciences companies, there is the potential to reduce the total cost of quality by as much as 50% simply by implementing software solutions that automate quality management and regulatory compliance processes so issues can be globally managed from initial detection to corrective action, and through to trend analysis.

With MAXLife, Life Sciences manufacturers can focus on quality management initiatives as a source of competitive advantages while responding to the market pressures to both reduce the cost of quality and improve finished product quality.

MAXLife ERP can dramatically improve profitability, productivity, and product safety at even the most complex organizations. Contact Merit Solutions to learn more about MAXLife ERP.

Cost of Quality: A Study on Life Sciences