Premium
How SPC can help cut costs
Author(s) -
Roth Harold P.
Publication year - 2005
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20099
Subject(s) - statistical process control , control chart , control (management) , cut off , computer science , quality (philosophy) , process (computing) , cost reduction , operations management , quality costs , business , cost control , operations research , risk analysis (engineering) , marketing , engineering , artificial intelligence , voltage , electrical engineering , philosophy , epistemology , operating system
Many companies use Statistical Process Control (SPC) charts to manage and control quality. But they also provide valuable signals about why your company incurs costs—and reveal opportunities to cut costs. So SPC can help you implement many different types of cost‐reduction strategies. The author explains the basics of SPC and shows how you can use it to spot opportunities to reduce costs. © 2005 Wiley Periodicals, Inc.