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| QFD
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Please refer Quality Function Deployment.
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| QR
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Please refer Quick Response.
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| Quality
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Conformance to requirements or fitness for use. Quality can be defined through five principal approaches
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| Quality Circle
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In quality management, a small group of people who normally work as a unit and meet frequently to uncover and solve problems concerning the quality of items produced, process capability, or process control.
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| Quality Control
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The management function that attempts to ensure that the goods or services in a firm manufacturers or purchases meet the product or service specifications.
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| Quality Function Deployment (QFD)
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A structured method for translating user requirements into detailed design specifications using a continual stream of "what-how" matrices. QFD links the needs of the customer (end user) with design, development, engineering, manufacturing, and service functions. It helps organizations seek out both spoken and unspoken needs, translate these into actions and designs, and focus various business functions toward achieving this common goal.
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| Quantity
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There are various quantity elements in perpetual inventory systems. Below are definitions of the most common. Be aware that these definitions are fairly generic and that specific inventory systems may use completely different definitions or terminology.
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| Quantity allocated
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Also known as committed quantity, commitments, or allocations. Quantity allocated is the quantity that is on current open sales orders or production orders (as components), and may be relative to a specific time period. Also see allocations
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| Quantity available
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Is the result of a calculation that takes quantity on hand and reduces it by allocations (for sales orders, manufacturing orders, etc). Quantity available may or may not be date specific and therefore take into account future receipts. Quantity available calculations are sometimes very complicated and vary from one software product to another.
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| Quantity in transit
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In multi-branch environments, quantity in transit reflects the quantity that has been shipped from one branch/facility to another branch/facility, but has not yet been received by that branch/facility. In operations that use advanced tracking of receipts, it may reflect quantities that have been shipped by outside vendors, but not yet received.
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| Quantity on hand
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Also known as onhand quantity, in stock, store quantity Quantity on hand describes the actual physical inventory in the possession of the business. When inventory is received or produced, it is added to quantity on hand, when inventory is sold or consumed, it is removed from quantity on hand.
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| Quantity on order
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Includes quantity on open purchase orders or manufacturing orders. May or may not include quantities on transfer orders from other branches.
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| Quarantine
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The setting aside of items from availability for use or sale until all required quality tests have been performed and conformance certified.
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| Queue time
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Amount of time a job waits at an operation prior to set up or processing. Part of manufacturing lead time.
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| Quick Response (QR)
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A strategy widely adopted by general merchandise and soft lines retailers and manufacturers to reduce retail out of stocks, forced markdowns, and operating expenses. These goals are accomplished through shipping accuracy and reduced response time. QR is a partnership strategy in which suppliers and retailers work together to respond more rapidly to the consumer by sharing point-of-sale scan data, enabling both to forecast replenishment needs.
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