MAXLife: Cost of Quality Management ERP Software

MAXLife ERP > Life Sciences ERP > Quality and Compliance Software > Cost of Quality Management

Life Sciences Cost of Quality Management

MAXLife Cost of Quality Management enables critical tracking, reporting and analysis of costs related to performing quality processes across the organization. With MAXLife, companies have visibility on their complete product costs, including important quality processes, and are able to make better decisions timelier.  

Most executives believe that their company's Cost of Poor Quality is less than 5% of gross sales, or just do not know what it is. In reality, experts estimate that the COPQ can amount to 30% of gross sales for Life Sciences manufacturers. Independent studies also reveal that COPQ is costing companies millions of dollars each year and its reduction can transform marginally successful companies into highly profitable ones.

MAXLife Cost of Quality enables a company to reduce the total cost of quality by as much as 50% simply by implementing software that automates quality management and regulatory compliance processes, and tracks the costs of quality tests, investigations and corrective and preventative action steps associated with quality incidents. With MAXLife, issues can be globally managed from initial detection to corrective action, and through to trend analysis.

MAXLife ERP can dramatically improve profitability, productivity, and product safety at even the most complex organizations. Contact Merit Solutions to learn more about MAXLife ERP.

Cost of Quality: A Study on Life Sciences