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Inspection & Compliance Cost

Purpose -

Measures cost of maintaining compliance & regulatory adherence.

Operational Definition -

Total Expenses for Inspections & Compliance Activities

Type of Metrics -

KPI

Function -

Finance

Associate Function -

Finance

Desired Trend -

Lower the better

Recommended Frequency - 

Monthly

External References -

https://asq.org/quality-resources/metrics/selecting-metrics-tutorial

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