Examlex
Philip Crosby is credited with both of these quality catch-phrases: "quality is free" and "zero defects."
Repeat Purchases
Instances where customers buy the same product or service from a business more than once.
Supplier Performance Index (SPI)
A metric used to assess, measure, and manage the performance and effectiveness of suppliers in meeting predefined goals.
Preferred Supplier
A vendor that has been vetted and approved by a company due to their reliability, quality of products, or services, often given priority over other suppliers.
Activity Costs
Activity costs are the expenses associated with specific activities in a business, including manufacturing, marketing, or any other operational function, used in activity-based costing methods.
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