Manufacturing Glossary

Failure Mode and Effects Analysis (FMEA) is a structured method for identifying and preventing potential failures in a product or process before they occur.

Finished goods are products that have completed all manufacturing processes and are ready to be sold to customers.

First Expired, First Out is an inventory management method that prioritizes using materials with the earliest expiration date first.

First Pass Yield is the percentage of products that meet quality standards after a single process step, without needing any rework or repair.

First-In, First-Out (FIFO) is an inventory management method where the first materials received are the first ones used in production or shipped.