Low Quality Costs MORE than High Quality

In the process of purchasing products, we all like to compare prices, and naturally, price has become the most important point of concern for purchasers, for the simple reason that who does not want to save more costs for the company? Cost savings means more profit to be made. Buyers think so, and likewise sellers are on the way to chasing profits, hoping to save costs. Gradually more and more low-cost products appear on the market, and purchasers are happy to see this, they feel that in the case of quality without strict requirements, low-cost products are the top choice.

However, in the long run, low quality products will hurt the seller's profits and reputation and negatively impact the buyer's experience. The hidden costs of low-quality products are often overlooked by buyers. These hidden costs may seem like a shortcut, but in reality they are like a rocky and broken road - "Just when you think you've taken a shortcut, your shoes are worn out!" .

1.?What are the other hidden costs?

Quality costs can be divided into failure costs and prevention costs, and hidden costs are included in the middle of these two types of costs. There are various internal and external costs incurred due to quality problems, such as: rework, scrap, re-inspection, improvement measures, preventive measures, exchanges, returns, reduction in sales, etc. Of all the quality costs, the hidden costs are those that are not initially fully considered and can be fully predicted, such as product recalls, which can cause large losses to the company, but can be a significant expense compared to the costs incurred due to customer dissatisfaction, damage to the company's image, and the resulting reduction in product market share.

2.?What is the impact of hidden costs?

Details determine success or failure. Hidden costs are easily overlooked, only to be found to be far more than predicted when the costs are finally calculated.

?For a short period of time, these low-quality products may appear to be a super bargain, coaxing more customers to buy them, but the low-cost mask will eventually be lifted.?In fact, the hidden costs of low-quality products can accumulate enough to kill a seller.

Many companies around the world are now focusing on the hidden costs of their products and are willing to pay more attention to quality and research to solve more problems.

3.?Ways to save money

The obvious way to save money is to buy high quality products. High quality products are usually made of high quality raw materials, more specialized technology, experienced workers, and standardized production processes. Therefore high quality products are also usually priced higher than lower quality products.

First, in terms of reducing the cost of internal failures, a high quality product greatly reduces the cost of repeated inspections and time spent. In addition there is relatively less money spent on customer issues, returns, complaints, product modifications, warranty issues, etc.

In today's world of new media, where news travels at an unbelievable speed, the damage to a company's image caused by product quality problems is immeasurable and it is very difficult to reverse a bad corporate image. PR and marketing to turn around a company's image will be costly and may not be effective.

??Secondly in terms of prevention costs, it is clear that a company's suppliers are primarily responsible for quality issues. Therefore, when looking for a quality supplier, one should look at what they have on the market, are they respected and reputable, do they have the financial strength, and do they have experience in solving quality problems? It is important to carefully consider these aspects when looking for a supplier.

4.?Choose quality, choose Peacemounts, choose to save money

Peacemounts always regards product quality as our?life and does everything possible to provide the highest quality and most affordable products.?We always adhere to the concept of customer first and actively innovate. We have always won the support of our customers with our excellent service. Choosing us is the best decision you can make and the most money-saving decision you can make.

We are a professional Designer and manufacturer of TV Mounts,Tablet Stand, Medical Cart,Medical Monitor Mount,Tablet Enclosure,Projector Mounts, TV Cart, Electric Desk,Gas Lift Desk,Desk Accessories, etc.

Please contact us：

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