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reventive maintenance
the useful practice of routinely repairing, cleaning and replacing parts on schedule in order to prevent unexpected problems and more expensive repairs in the future
Example:
Following a new preventive maintenance schedule saved our company from experiencing the lost time and costly repairs that used to occur.
product life cycle
the marketing concept of a product having a natural period ranging from its introduction and rise in sales to its sales decline and expiration when customers purchase newer alternative products
Example:
Because the computer game industry changes so rapidly, the product life cycle of a popular computer game may be only 18 months or less.
system for insuring that a standard level of quality is maintained
Example:
Our quality control division was separate from our manufacturing department so it was more effective at finding and correcting product mistakes before the products were shipped to customers.
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