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Internal Auditor Acronyms

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  • PDCA
    Plan, Do, Check, Act
  • COPQ
    Cost of Poor Quality
  • SPC
    Statistical Process Control
  • CONC
    Cost of Non-Conformance
  • CAR
    Corrective Action Report
  • TQM
    Total Quality Management
  • UCL
    Upper Control Limit
  • KPI
    Key Performance Indicator
  • SWOT
    Strengths, Weaknesses, Opportunities and Threats Analysis
  • LIFO
    Last In, First Out
  • CAPA
    Corrective and Preventive Action
  • USL
    Upper Specification Limit
  • RCFA
    Root Cause Failure Analysis
  • ROI
    Return on Investment
  • COQ
    Cost of Quality
  • ISO
    International Organization for Standardization
    Transport, Inventory, Motion, Waiting, Over-processing, Overproduction, Defects (7 Wastes)
    Specific, Measurable, Achievable, Relevant and Time bound
  • LCL
    Lower Control Limit
  • VA
    Value Added
  • COC
    Cost of Conformance
  • PDCA
    Plan, Do, Check, Act
  • LSL
    Lower Specification Limit