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26-Oct-2018 14:27

Acceptable Quality Level (AQL): In quality management, when a continuing series of lots is considered, AQL represents a quality level that, for the purposes of sampling inspection, is the limit of a satisfactory process average.

Acceptable Sampling Plan: In quality management, a specific plan that indicates the sampling sizes and the associated acceptance or non-acceptance criteria to be used.

ABI: * Abnormal Demand: Demand in any period that is outside the limits established by management policy.

This demand may come from a new customer or from existing customers whose own demand is increasing or decreasing.

ABC Classification: Classification of a group of items in decreasing order of annual dollar volume or other criteria.

This array is then split into three classes called A, B, and C.

Accuracy: In quality management, the degree of freedom from error or the degree of conformity to a standard. For example, four-significant-digit numbers are less precise than six-significant-digit numbers; however, a properly computed four-significant-digit number might be more accurate than an improperly computed six-significant-digit number. Acknowledgement: A communication by a supplier to advise a purchaser that a purchase order has been received.

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The next grouping, B, represents about 20% of the items and 20% of the dollare volume.

ABC System: In cost management, a system that maintains financial and operating data on an organization's resources, activities, drivers, objects and measures.