Volume 3, Issue 2, June 2018, Page: 61-65
Economic Implications of Statistical Quality Control: Lessons for Manufacturers in Nigeria
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
Received: Jul. 25, 2018;       Accepted: Aug. 9, 2018;       Published: Sep. 4, 2018
DOI: 10.11648/j.ajomis.20180302.14      View  340      Downloads  29
Abstract
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.
Keywords
Quality, Quality Control, Economic Benefits and Economic Implications
To cite this article
Frank Alaba Ogedengbe, Esther 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. doi: 10.11648/j.ajomis.20180302.14
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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