Economic Implications of Statistical Quality Control: Lessons for Manufacturers in Nigeria
American Journal of Operations Management and Information Systems
Volume 3, Issue 2, June 2018, Pages: 61-65
Received: Jul. 25, 2018;
Accepted: Aug. 9, 2018;
Published: Sep. 4, 2018
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Frank Alaba Ogedengbe, Department of Business Administration and Management, Auchi Polytechnic, Auchi, Nigeria
Esther Ogedengbe, Department of Accountancy, Auchi Polytechnic, Auchi, Nigeria
Godwin Chukunede Ovuworie, Department of Production Engineering, University of Benin, Benin City, Nigeria
This study examined the economic implications of statistical quality control. It applied the literature study method. The study highlights the methods of statistical quality control as well as the economic benefits derivable from the use of and adherence to the processes of quality control in general and scientific and statistical quality control in particular. Quality consciousness, consumers’ satisfaction, cost reduction and optimum utilization of resources are some of the numerous economic benefits of scientific and statistical quality control. While wastages, decrease in sales and decrease in profitability are some adverse economic implementations of the absence of or neglect to use statistical quality control in an organization. The campaign for quality assurance should be driven to the grass root for all and sundry, especially the manufacturing sector, to become conversant with the need for quality products, services and results delivery. This will make their product compete favourably with foreign products.
Frank Alaba Ogedengbe,
Godwin Chukunede Ovuworie,
Economic Implications of Statistical Quality Control: Lessons for Manufacturers in Nigeria, American Journal of Operations Management and Information Systems.
Vol. 3, No. 2,
2018, pp. 61-65.
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