🇦🇺Australia

Cost of Poor Quality

3 verified sources

Definition

Non-compliance with AS/NZS standards and ACL results in product recalls and consumer guarantees breaches, causing direct financial losses from refunds and legal penalties.

Key Findings

  • Financial Impact: AUD 100,000+ per major recall; 2-5% revenue impact from refunds and warranty claims
  • Frequency: Per non-compliant batch or product failure
  • Root Cause: Inadequate or manual quality inspection protocols failing to meet AS/NZS 60335 series and ACL durability/safety requirements

Why This Matters

The Pitch: Household appliance manufacturers in Australia 🇦🇺 waste AUD 500,000+ annually on recalls and refunds due to quality failures. Automation of testing protocols eliminates this risk.

Affected Stakeholders

Quality Managers, Production Supervisors, Compliance Officers

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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