Manufacturing Industry
Financial Control And Quality
Quality Progress, May, 2007 by Dlugopolski, Tom; Stimson, William
Over the years there have been many quality strategies, but Six Sigma has gotten the most attention from top management. ASQ has examined the Six Sigma phenomenon and understands that Six Sigma's success is based on its attention to the corporate bottom line. As a result, ASQ has undertaken a major program, "The Economic Case for Quality."1
The case should be easy to make. Quality brings a distinct financial advantage to those who practice it diligently as opposed to those who don't.2
However, we believe the case for quality is not at all obvious to the top floor. Regardless, top management must be aware of and control its corporation's finances to comply with the Sarbnnes-Oxley Act (SOX).
There are two aspects to measuring financial control: materiality and...
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