Omnium Software Knowledge Base

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FIFO

Definition: First In First Out (abbreviation). It is a method of warehouse management in which the oldest stock of inventory is shipped out first.

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FMEA

FMEA is the acronym for Failure Mode and Effects Analysis. According AIAG VDA 2019 manual the FMEA is a team-oriented, systematic, qualitative, analytical method intended to evaluate the potential risks of failure of a product or process, analyze the causes and effects of those failures, document preventive and detection actions and recommend actions to reduce…

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Foundation FMEA

Definition FMEA that contains knowledge of organization from Lessons Learned. Synonyms:  Generic FMEA, Baseline FMEA. According AIAG VDA FMEA 2019.   Related to: FMEA.

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