Economic Production Quantity {Ans: helps companies control the cost of ordering, receiving, and holding inventory. allows for incremental ordering and depletion. commonly used for production processes where inventory is arriving into storage and sent out into a production process.}Quality Function Deployment {Ans: takes customer expectations and transforms them into specific actions designed to meet those expectations.}Quality Control {Ans: Inspection and control functions revolve around understanding the customer's perception of fitness of use.}Improve {Ans: The current process is changed by addressing the root causes identified in the Analysis stage to improve process performance.}Conformance {Ans: degree to which a product's design and operating characteristics match pre-established standards.}Total Quality Management {Ans: is an approach to quality management that originated in Japan and was adopted successfully by many companies throughout the world.}Forecasting Process {Ans: determining the objectives of the forecast, developing and testing a model, applying the model, considering real-world constraints on the models application, and revising and evaluating the forecast.}Pareto Chart {Ans: represents data values in a descending order to visualize the most frequent occurrences.}Aggregate Planning {Ans: is thr combining of individual end items into groups or families or parts for planing purposes.}Check