Showing posts from November, 2018

Quality | The Impact of Warranty in the Manufacturing Industry

The True Cost of Warranty Warranty is defined by the dictionary as a written guarantee of the integrity of a product and of the maker’s responsibility for the repair or replacement of defective parts. It’s something we all deal with in our manufacturing companies, but are we truly prepared for it? What warranty is goes far beyond the definition and deserves further inspection. In this blog article, we’ll further examine warranty and the true cost underneath. A Closer Look at Warranty It’s easy to give a simple definition for warranty when you are only looking at the big picture, but it’s extremely difficult when you start getting into the details. Part of the reason for this is because there are many types of warranty; Limited, Lifetime, Implied, and Satisfaction Guaranteed, just to name a few. What is important to note is how a company stands behind its warranty statement. What warranty can mean to one person, can mean something completely different to another; it’s all based on