Cost of Quality in life sciences: how to measure, manage, and reduce it
Damla Varol
Most companies think quality is a cost. In reality, poor quality is the actual expense. In the pharmaceutical industry, poor quality comes with a significant and measurable cost . It can range between 15% and 40% of total sales revenue , as found by different studies . That means a significant portion of your company’s resources may already be lost to deviations, rework, batch failures, and inefficiencies.