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Care must be taken in evaluating the nature of the demand: Is it a volume change, is it a change in product mix, or is it related to the timing of the order?

Absorption Costing: In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production.

Accuracy: In quality management, the degree of freedom from error or the degree of conformity to a standard. For example, four-significant-digit numbers are less precise than six-significant-digit numbers; however, a properly computed four-significant-digit number might be more accurate than an improperly computed six-significant-digit number. Acknowledgement: A communication by a supplier to advise a purchaser that a purchase order has been received.

It usually implies acceptance of the order by the supplier.

The committee develops and maintains US generic standards (X12) for Electronic Data Interchange.

Accredited Standards Committee (ASC): A committee of ANSI chartered in 1979 to develop uniform standards for the electronic interchange of business documents.The C-class contains 60 to 70% of the items, and represents about 10 to 30% of the dollar volume.ABC Costing: ABC Inventory Control: An inventory control approach based on the ABC volume or sales revenue classification of products (A items are highest volume or revenue, C - or perhaps D - are lowest volume SKUs.) ABC Model: In cost management, a representation of resource costs during a time period that are consumed through activities and traced to products, services, and customers, or to any other object that creates a demand for the activity to be performed.In attributes sampling, the presence or absence of a characteristic is noted in each of the units inspected.In variables sampling, the numerical magnitude of a characteristic is measured and recorded for each inspected unit; this type of sampling involves reference to a continuous scale of some kind.2) The value of the test statistic that divides all possible values into acceptance and rejection regions.Acceptance Sampling: 1) The process of sampling a portion of goods for inspection rather than examining the entire lot.ABC System: In cost management, a system that maintains financial and operating data on an organization's resources, activities, drivers, objects and measures.ABC Models are created and maintained within this system.The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs.Accelerated Commercial Release Operations Support System (ACROSS): A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week.


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