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Former Member
Jan 12, 2012 at 07:01 AM

QM in jewelry industry

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Hi experts,

I have a scenario in jewelry industry. We buy the gold bullion from different vendors. The vendors are expected to supply gold of 99.5 % purity (24 carat gold). At the time of procurement there will be a quality inspection. 24 K gold is accepted, whereas less than 24K gold is accepted at a lower price. There are no rejections. Impure gold is then sent for purification process. Please suggest how to map this in QM.

Thanks in advance