Sunk costs are defined as costs that have already been incurred and cannot be recovered. Proponents of the sunk cost fallacy argue that since it is a cost paid in the past and unrecoverable, it should be removed from any future decision making. 

The Entrepreneurial Company Award recognizes the company that provides the best innovation and customer impact and has the genuine potential to disrupt the market by delivering advanced products that clearly help customers achieve desired outcomes with significant value for the price.

Statistical Process Control charts have been called the Voice of the Process. Progressive manufacturers utilize control charts to “listen” to their processes so that potentially harmful changes will be quickly detected and rectified. 

I’ve written a lot about the growing benefits that Enterprise Quality Management Software (EQMS) can deliver.

It seems that even a cursory browsing of a subject on a search engine will unearth the easy “steps” for accomplishing something.

As any large aerospace and defense supplier can attest, quality standards in the A&D industry are unmatched elsewhere in manufacturing.