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Internal Failure Cost
Costs incurred when a product or service fails to meet quality standards before it is delivered to the customer, including scrap and rework costs.
Quality Cost Report
A financial statement detailing the costs associated with preventing, detecting, and correcting defective work, categorized into prevention, appraisal, and failure costs.
Prevention Costs
Expenses incurred to prevent defects in products or inefficiencies in services.
Delivery Cycle Time
The total time taken from receiving a customer order to the delivery of the product, measuring the efficiency of order fulfillment.
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