Abbreviation Full form
OPEX Operational Expenditure
SPC Statistical process control
CAPA Corrective and Preventive Action
Cp Process Capability
Cpk Process Capability Index
HIRA Hazard Identification and Risk Assessment
QCDSM Quality, Cost, Delivery, Safety and Morale
MTTR Mean Time to Repair
MTBF Mean time between failure
SOP Standard Operating Procedure
CTQ critical-to-quality
DFMEA Design Failure Mode and Effect Analysis
IPR Intellectual Property Rights
ECR Engineering Change Record
ECN Engineering Change Note
FIFO First in, first out
LIFO Last in, first out
FMEA Failure modes and effects analysis
RPD Robust Parameter Design
RPN Risk Priority Number
SCM Supply Chain Management
JIT Just In Time
MOQ Multiple Order Quantity/ Minimum Order Quantity
OOS Out of Specification
AQLC Acceptance quality level of customer
P&L Profit and Loss
RM Raw Material
WIP Work In Progress
FG Finished Goods
SGA Small Group Activities
TPM Total productive maintenance
DFR Design For Reliability
TAT Turn Around Time
FEA Finite element analysis
CAE Computer Aided Engineering
CAD Computer Aided Design
OEM Original equipment manufacturer
R&D Research & Development
QE Quality Engineering
ISO International Organization for Standardization
PM Planned Maintenance
EMS Environmental Management System
PDCA Plan-Do-Check-Act
TEI Total Employee Involvement
CQA Critical Quality Attribute
OEE Overall Equipment Effectiveness
CCP Critical Control Points
FSSC Food Safety System Certification
QFD Quality Function Deployment
OEE Overall Equipment Effectiveness
CFR Code of Federal Regulations
HACCP Hazard Analysis Critical Control Point
DOE Design of experiments
PERT Program Evaluation Review Technique
CPM Critical path method
P&L Profit & Loss
ppm Parts per million
ROI Return on Investment
PO Purchase Order
MRP Maximum Retail Price
AMV Analytical Method Validation
MTD Month to Date
YTD Year to Date
R&M Renovation & Modernisation
PLF Plant Load Factor
EC Environmental Clearance
MoEFCC Ministry of Environment, Forest and Climate Change
SEIAA State level Environment Impact Assessment Authority
EIA Environmental Impact Assessment
IPR Intellectual Property Rights
ITR Inventary turnover
WIPO Copyright Treaty or WCT World Intellectual Property Organization Copyright Treaty
WPPT WIPO Performances and Phonograms Treaty
TRIPS Trade Related Aspects of Intellectual Property Rights
CGPDTM Controller General of Patents, Designs & Trade Marks
NIIPM Rajiv Gandhi National Institute of Intellectual Property Management
DIPP Department of Industrial Policy and Promotion
PCT The Patent Cooperation Treaty
MRB Material Review Board
AOQ Average outgoing quality
AOQL Average outgoing quality limit
ATI Average total inspection
OC Operating characteristics
TSC Total Stocking Cost
EOQ Economic Order Quantity
SKU Stock keeping unit
FEFO First expired, First out
FIFO First in, First out
PERT Program Evaluation and Review Technique
CPM Critical path method
ES Earliest Start time
EF Earliest Finish time
LS Latest Start time
LF Latest Finish time
TAT Turn Around time
CBM Condition-based maintenance
NPPA National Policy on Pollution Abatement
NCS National Conservation Strategy
PSED Policy Statement on Environment and Development
ITR Inventory turnover Ratio
ROI Return on investment
MH Material Handling
PIP Performance improvement plan
SDWTs Self-directed work team's
RCA Root cause Analysis
CTQ Critical to Quality
CQA Critical Quality Attributes
EP Environment Protection
OOE Out-of-Expectation
OOT Out of Trend