price of non quality (PONQ)
Definition
Aggregate of time, money, and opportunity cost losses resulting from doing things wrong. PONQ is estimated by multiplying time taken to fix a mistake with number of mistakes and full hourly wage rate (including overheads, overtime, benefits, and other expenses).
email to a friend
print this definition
cite this definition
link to this page
price of non quality (PONQ) is in the Quality Control & Management subject.
This content can be found on the following page:
http://www.businessdictionary.com/definition/price-of-non-quality-PONQ.html