Question
Consequences of poor quality control
Consequences of poor quality control can have significant negative impacts on businesses and organizations. Here are some key consequences to consider:
Customer Dissatisfaction: Poor quality control leads to products or services that do not meet customer expectations or requirements. This results in dissatisfied customers who may choose to switch to competitors or spread negative word-of-mouth, damaging the company's reputation and potential future sales.
Decreased Customer Loyalty: When customers experience poor quality products or services, their trust and loyalty towards the company diminish. Repeat business and customer loyalty are essential for long-term success, and poor quality control can undermine these relationships, leading to customer attrition.
Increased Returns and Warranty Claims: Products with poor quality are more likely to experience higher return rates and warranty claims. ____________ _________ ___________ ________ ___________ ____ _______ ______ ___ _______ ___ ________ _________ __ ____.
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Two tools used for O2C outsourcing
Fill in the blanks:
i. --------------- Team ensures that invoices do not have any errors.
ii. The two parameters that specify the credit terms are --------------- and --------------------.
iii. ------------------ is the most preferred collection tool.
iv. ------------- is a computer based application which allows its users to exchange messages over
computer network.
v. Poor quality results in loss of money and reputation for --------- and ----------.
Consequences of poor quality control
Pro-forma invoice and Standard invoice
Selling on credit
Service Invoice and Ad-hoc invoice.
Discuss in detail the source documents used in the Order to cash cycle.
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