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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