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Glossary

product development glossary, product engineer, product developer

Product Development Glossary

  • Alpha a prototype, works and looks like final product
  • API Application Programming Interface
  • BOM Bill of Materials
  • CAD Computer-Aided Design
  • CAPA Corrective and Preventive Action
  • CBOM Costed Bill of Materials
  • CM Contract Manufacturer
  • CMF Colors, Materials, Finish
  • COGS Cost of Goods Sold
  • Cpk a measure of process capability
  • CSR Corporate Social Responsibility
  • Deployment the transformation of components or a system from a development or packaged form to its operational working state at the customer’s location
  • DfX Design for “X”, which refers to concurrent engineering activities like Design for Manufacturability, Design for Assembly, Design for Test, and Design for Quality
  • DGR Daily Going Rate
  • DOE Design of Experiments
  • E2E End-to-End
  • EMC Electromagnetic Compatibility
  • EOL End-of-Life, a term used to indicate that the product is in the end of its useful lifetime and that the product will no longer be produced, and also may no longer be sold or supported
  • EWP Earliy Warning Process
  • FAI First Article Inspection
  • FF Form Factor
  • FOB Freight on Board
  • FOT Field Operational Test
  • HALT Highly Accelerated Life Test
  • IP Intellectual Property
  • KPI Key Performance Indicator
  • Logistics the management of the flow of resources between a point of origin and the point of destination in order to meet customer requirements
  • MFG Manufacturing
  • MFG Report Card Summary a consolidated list of statistical manufacturing process performance, and status indicators, that designate the health of a manufacturing process
  • MP Mass Production
  • MRD Marketing Requirements Document
  • MRP Materials Requirements Planning
  • NFF Non-form Factor a functional POC, works like but doesn’t look like, the final product
  • NRE Non-Recurring Expense
  • OIL Open Issues List
  • OOBA Out-of-Box Audit
  • OOBE Out-of-Box Experience
  • OPS Operations
  • PCB Printed Circuit Board
  • Phase the distinct steps under each product lifecycle stage. Completion of all of the phases under a stage results in completion of the overall stage
  • POC Proof of Concept, a test to prove something intended is actually possible, conceptually identical to the intended final product
  • POS Point of Sale
  • PRD Product Requirements Document
  • QBR Quarterly Business Review
  • RACI Responsible, Accountable, Consulted, and Informed
  • RET Reliability Evaluation Testing
  • ROB Rhythm of Business
  • ROM Rough Order of Magnitude
  • RFQ Request for Quote
  • R&R Repeatability and Reproducibility
  • SLA Service Level Agreement
  • SMT Surface Mount Technology
  • SPC Statistical Process Control
  • Stage the high level steps that comprise the overall end-toend product lifecycle, from product conception to product retirement
  • Supply Chain the activities required to make and deliver a product - from sourcing raw materials, to converting those materials into finished goods, and then shipping and distributing the goods to customers
  • SWOT A structured planning method in business used to evaluate Strengths, Weaknesses, Opportunities, and Threats
  • TM Trademark
  • TAKT from the German word Taktzeit, which translates to cycle time, sets the pace for industrial manufacturing lines
  • UPH Units Per Hour