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A YouGov study, commissioned by the BQF and the Chartered Quality Institute (CQI) identified the following costs of errors:
Joe Goasdoué, BQF CEO, commented: "The current economic climate is putting pressure on every company to streamline costs and procedures. What this survey shows is that companies are failing to help themselves in these difficult times by not having systems in place to measure, tackle and repair the costs of errors in their business. Business improvement should be a priority whatever the economic climate, and UK businesses clearly need to do more to ensure that they are operating as efficiently as possible."
A full report is available to download: Full report (0.3MB)
This report contains the findings from research by the University of Leicester, which was jointly sponsored by BQF and EFQM.
A full report is available to download: Excellence Model Report (1.1MB)
The financial benefits of TQM/Excellence Awards.
A ppt. presentation is available to download: Presentation (0.3 MB)