Quality Financials

This Quality Financials widget displays four financial metrics that are relevant to an quality manager. These KPIs represent the financial impact of the quality issues that help identify the losses.

The widget comprises of matrices that display the metric. You can click a matrix to view the data related to these metrics in their respective drilldown forms. These are the available matrices:

  • COPQ PTD: This matrix displays the expenses related to cost of poor quality. The cost is calculated as the sum of MRRs, CARs, TRRs, and COCs. These are the transactions that are aggregated for COPQ:
    • Engineering
    • Inspection
    • Inventory
    • Material Loss
    • Packaging
    • Quality
    • Rework
    • Scrap
    • Sort-1
    • Sort-2
  • Total (aggregate) Soft Costs PTD: This matrix displays the expenses related to cost of poor quality. The cost is calculated as the sum of MRRs, CARs, TRRs, and COCs. These are the transactions that are aggregated for COPQ:
    • Engineering
    • Inspection
    • Inventory
    • Material Loss
    • Packaging
    • Quality
    • Sort-1
    • Sort-2
  • Scrap Value PTD: This matrix displays the total financial loss of scrapped materials due to defects for the job orders. This value is defined in the Scrap field on the Job Orders form.