Industry Terms

Part

Part is building block of a BOM, also designates an Inventory Item.
Also called Company P/N or Item Number.

Component

Component is the manufacturer P/N we are purchasing from manufacturers.
The Combination of Manufacturer and its P/N is a Component.

P/N

Part Number

AVL

Approved Vendor List.
(Also called – PPL, APL, QPL item)

PPL

Preferred Parts List.

APL

Approved Parts List

QPL

Qualified Parts List

All this terms defines the Catalog or the list of Parts (Company P/N’s) and their Components that are cataloged in the Company.

Manufacturer

A company that Designs and Manufacturing Products.

Contractor

A Company or an Individual that is hired by Contract to perform specific activity for a company.

Contract Manufacturer or Contractor.

A Company that is manufacturing a product by contract.

Vendor

A general definition for:

Purchase Order.

PCN

Product Change Notice.

PDN

Product Discontinue Notice.

EOL

End of Life.

PLM

Product life-cycle management.

PDM

Product Data Management.

ERP

Enterprise resource planning.

MRP

Material Requirements Planning.

NPI

New Product Introduction.