Quality Control (QC)
1. A manufacturing or service delivery process
that incorporates tools and methodologies to
provide assurance that the standards criteria
specified will be delivered to the customer.
2. The processes an entity uses to maintain its
A recognized level of quality or
excellence that must be met to qualify for
certification from a certifying body.
capable of being expressed as a quantity or a
number of things. For example: The terms and
conditions of this contract require the
awardees to deliver three complete
compressor units per day.
The collection and
analysis of numerical data (e.g., demographic
or financial data and statistical results).
The total amount of a good
or service needed (demanded) by customers
at a set price over a specific period of time.
A reduction in the unit price
offered for a large volume contract.
Economies of scale would dictate that the
larger the volume/quantity, the lower the unit
price or total cost. See also: Volume Discount,
Volume Leveraging, Economies of Scale.
Quantity on Hand (QOH)
Material owned by the
entity that is immediately and physically
available for use by the entity and has not
otherwise been specifically allocated or
reserved for others.
The amount of a product
producers will produce and sell at a specific
price. Consumer demand influences producer
production and pricing.
Possessing a partially
legislative character by having the right to
make regulations and rules that carry the
force of law.