Examlex
A main advantage of ERP is that it describes a specific hardware and software environment,also called a platform,which ensures connectivity and easy integration of future systems,including in-house software and commercial packages.
Acceptance Sampling
A statistical quality control method where a random sample is tested from a lot, and the lot is accepted or rejected based on the results.
Statistical Process Control
A methodological approach using statistical methods to monitor and control a process, ensuring it operates at its full potential with minimal waste.
Control Charts
Graphical tools used to monitor whether a business or manufacturing process is in a state of control or not.
Defective/Acceptable
Terms used to classify items based on their quality, with "defective" indicating failure to meet standards and "acceptable" denoting meeting standards.
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