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Internal Failure Costs Are Associated with Scrap,rework,and Downtime

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Internal failure costs are associated with scrap,rework,and downtime.

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Definitions:

Recruitment Cost

The total expenses incurred by an organization in the process of finding and hiring new employees, including advertising, interviewing, and training costs.

Time-To-Hire

The duration between initiating the search for a new employee and the moment the selected candidate accepts the job offer.

Turnover Rate

The rate at which an organization loses employees and needs to replace them within a certain period.

Relational Database

A type of database that organizes data into tables which can be linked—or related—based on data common to each.

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