Glossary
- ABC analysis
The process of dividing SKUs into three classes, according to their dollar usage, so that managers can focus on items that have the highest dollar value.
- acceptable quality level (AQL)
The quality level desired by the consumer.
- acceptance sampling
The application of statistical techniques to determine whether a quantity of material should be accepted or rejected based on the inspection or test of a sample.
- action notice
A computer-generated memo alerting planners about releasing new orders and adjusting the due dates of scheduled receipts.
- activity
The smallest unit of work effort consuming both time and resources that the project manager can schedule and control.
- activity-on-node (AON) network
An approach used to create a network ...
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