Abstract
Within the context of new economic conditions, the issues of quality become a priority that allows gaining competitive advantages, on the one hand, and satisfy the ever-growing needs of consumers, on the other hand. Meat processors carry out the multilevel quality control both of their products and of the processes: the quality issues are of particular importance for such companies; that is why they were chosen as the object of research. The article deals with the issues of evaluating the product quality and analyzing the effectiveness of quality costs. The authors propose to use the integral factor of product quality in practice as it includes the mathematical assessment of technical and consumer criteria and the product safety criterion. The recommendations allow reducing the complexity of the assessment process, improving the quality of information, and simplifying the procedure of control and analysis with regard to obtaining long-term competitive advantages that lead to an increase in a company’s value.
Highlights
Quality control is a system of means for cost-effective production of goods and services that satisfy consumers’ requirements
Feigenbaum, an American quality control expert [2] provided the characteristics of the Total Quality Control (TQC) model and was the first to indicate the importance of quality cost accounting
The industry specifics should be taken into account when considering the issues of the quality costs
Summary
Quality control is a system of means for cost-effective production of goods and services that satisfy consumers’ requirements. The problem is that quality is a subjective concept while the processes of improving and controlling the quality of products are associated with big enough costs [1]. The modern conditions dictate the necessity of focusing on the conditions that ensure a company’s success in the market, and this means, first of all, satisfying consumers’ needs, quality being the most important, and quality is regarded as a factor of increasing products’ value that ensures success in the competitive struggle. The concept of managing the costs of ensuring product quality includes their accounting, analysis, planning, and control (audit). Feigenbaum, an American quality control expert [2] provided the characteristics of the Total Quality Control (TQC) model and was the first to indicate the importance of quality cost accounting. Meat processing companies located in the Belgorod Region are chosen as the object of the research
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