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  2. Minutes - Wikipedia

    en.wikipedia.org/wiki/Minutes

    Minutes. Minutes, also known as minutes of meeting (abbreviation MoM ), protocols or, informally, notes, are the instant written record of a meeting or hearing. They typically describe the events of the meeting and may include a list of attendees, a statement of the activities considered by the participants, and related responses or decisions ...

  3. Production part approval process - Wikipedia

    en.wikipedia.org/wiki/Production_part_approval...

    PPAP is a series of documents gathered in one specific location (a binder or electronically) called the "PPAP Package". The PPAP package is a series of documents which need a formal certification / sign-off by the supplier and approval / sign-off by the customer. The form that summarizes this package is called PSW (Part Submission Warrant).

  4. Capital expenditure - Wikipedia

    en.wikipedia.org/wiki/Capital_expenditure

    t. e. Capital expenditure or capital expense (abbreviated capex, CAPEX, or CapEx) is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. [1] [2] It is considered a capital expenditure when the asset is newly purchased or when money is used towards ...

  5. Work in process - Wikipedia

    en.wikipedia.org/wiki/Work_in_process

    The term is used in supply chain management, and WIP is a key input for calculating inventory on a company's balance sheet. In lean thinking , inappropriate processing or excessive processing of goods or work in process, "doing more than is necessary", is seen as one of the seven wastes (Japanese term: muda ) which do not add value to a product.

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    • Fed meeting minutes, Conagra earnings: What to know in markets this week
      Fed meeting minutes, Conagra earnings: What to know in markets this week
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    • How the Fed weighs 'political risk' behind closed doors
      How the Fed weighs 'political risk' behind closed doors
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    • If it was Michigan vs. Everybody, Michigan won, and it's letting the world know it: 'There ain't no asterisk'
      If it was Michigan vs. Everybody, Michigan won, and it's letting the world know it: 'There ain't no asterisk'
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  7. First article inspection - Wikipedia

    en.wikipedia.org/wiki/First_article_inspection

    First article inspection. A First Article Inspection ( FAI) is a production validation process for verifying that a new or modified production process produces conforming parts that meet the manufacturing specification detailed in technical or engineering drawings. Typically, a supplier performs the FAI and the purchaser reviews the report.