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February 12, 2018 by DVLaw

ABORT

A large amount of inventory waste that may be caused process inefficiency. Eventually this leads to abnormal loss. Abnormal spoilage is another term for this. The same can be applied to computers. Unsaved data is lost and the system requires a reboot. The process may end because of unsatisfactory results or the system itself is flawed. A power outage can also cause this. ABEND is another common term used.

February 12, 2018 by DVLaw

ABOLITION

The destruction or abolition of something such as the abolition of slavery.

February 12, 2018 by DVLaw

ABNORMAL VARIATION

An error in the system or theft that can cause significant reduction in a company’s inventory. The loss exceeds the normal allowable level.

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