Businesses incur significant costs due to internal failures leading to defects. Defects lead to rework or scrapping of the defective product – both have a significant impact on costs. Defects not identified before dispatch cause external failures which lead to customer returns, warranty claims, and sometimes cost of segregation and repairs at customer locations which have more associated costs. Businesses do not have the ability to capture all costs pertaining to defects in a systemic and timely manner, sometimes requiring higher pricing to address such costs. Defect prevention requires structured and timely data collection to help analyse patterns, trends, and recurring issues. None of the current solutions provide the ability to digitally capture such data across the value chain to enable analysis. Such analysis is done manually in the case of catastrophic failures.