Reducing COPQ can lead to numerous benefits for a business, including:
Increased Profitability: Lowering COPQ directly impacts the bottom line by reducing waste and inefficiencies. Enhanced Customer Satisfaction: Higher quality products and services lead to happier customers and increased customer loyalty. Improved Market Position: Quality improvements can differentiate a business from its competitors, leading to a stronger market position. Better Employee Morale: A focus on quality can lead to a more engaged and motivated workforce. Reduced Risk: Fewer defects and failures mean lower risks of recalls, legal issues, and reputational damage.