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Report: Put Management in Charge of Quality

December 19, 2011
Devicemakers should have senior managers directly oversee suppliers, build feedback loops across company quality systems and instill a mindset dedicated to quality, according to a new report. Better quality assurance saves huge sums by reducing the business impact of regulatory woes, McKinsey & Company said in a report released Oct. 31. Avoiding recalls and FDA warning letters, along with lawsuits, would cut in half the $1.5 to $3 billion per year devicemakers spend on legal settlements and loss in sales, the report estimates.
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