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On 13 October 2011 the Institute of Legal Executives (as a company limited by guarantee) sought royal charter status [3] from Queen Elizabeth II via the Privy Council.. A royal charter was granted on 30 January 2012, and the Institute of Legal Executives became the Chartered Institute of Legal Executives, [4] otherwise known as CILEX.
Configure, price, quote (CPQ) software helps sellers quote complex and configurable products. [1] An example could be a maker of heavy trucks. If the customer chooses a certain chassis (the base frame of a motor vehicle), the choice of engines may be limited, because certain engines might not fit a certain chassis. Given a certain choice of ...
Cost of poor quality (COPQ) or poor quality costs (PQC) or cost of nonquality, are costs that would disappear if systems, processes, and products were perfect. COPQ was popularized by IBM quality expert H. James Harrington in his 1987 book Poor-Quality Cost. [1] COPQ is a refinement of the concept of quality costs.
The CILEX qualification now emphasises and examines the practical work of the law as well as continuing with the necessary academic examinations. At the same time, a number of new membership grades were introduced by CILEX. CILEX now offers the following membership categories which can be joined according to experience and qualifications held:
CILEX Lawyers operate equally alongside solicitors as authorised persons, the only difference being the specialist rather than general scope of their practising certificate and their qualification route. Typical areas CILEX Lawyers advise on are conveyancing, family law, personal injury and employment law. CILEX Lawyers can become partners in ...
In process improvement efforts, quality costs tite or cost of quality (sometimes abbreviated CoQ or COQ [1]) is a means to quantify the total cost of quality-related efforts and deficiencies. It was first described by Armand V. Feigenbaum in a 1956 Harvard Business Review article.
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a "markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return.
Target costing is defined as "a disciplined process for determining and achieving a full-stream cost at which a proposed product with specified functionality, performance, and quality must be produced in order to generate the desired profitability at the product’s anticipated selling price over a specified period of time in the future."