Thank you to Quality Magazine for providing additional data to suggest investing in quality makes a difference.
According to the information posted from the 14th Annual Spending Survey:
- 57% of those surveyed say the importance of quality is somewhat or much more important than the year before. Another 40% put it at about the same.
- 64% say that spending was right where it was projected, which is consistent with the prior year.
- 90% of budgets should stay the same or increase.
- The Aerospace industry saw the most notable increase when asked about primary end product performed at location.
The inspection approach information is interesting as well, including the increase in lot sampling for incoming and pre-shipment evaluations: