The cost of ineffective corrective action can be astronomical when you consider the monetary and reputational impact of delayed problem-solving. On a small scale, repeat problems—even minor errors—send a message to customers that you just don’t care to get it right.
And when poor problem-solving leads to more significant quality escapes? You could be looking at $10,000 per minute from the customer in line stoppage charges, or even a $10 million dollar recall.
To ensure corrective actions reduce risk, automotive and aerospace suppliers need to avoid key mistakes around measuring effectiveness, root cause analysis and tracking closure.