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Capability Analysis

Capability Analysis

Capability Analysis is the act of determining process capability, or the ability of a process to meet a designated set of specifications. It involves a set of statistical calculations to determine whether the spread of the performance of a process fits within the desired specification. There are several terms embedded Read more…

Ap Accounts Payable

A/P or AP

AP is an abbreviation for “accounts payable”. It is the money that companies owe in the short term and is recorded under current liabilities. In general, companies want to pay debts off as far in the future as they can (provided there is no financing charges) and get paid right Read more…