parts per million (PPM):
"A quality measure of the number of defective items observed or projected out of a population of one million. "

Get more definitions about parts per million (PPM) and other ERP related terms here.
Learn everything you need to know about ERP software here.

Definitions of terms related to parts per million (PPM):

• corporate performance management (CPM)
• Delivery performance
• non-significant part number
• p chart
• part number
• part period balancing (PPB)
• parts list
• percent complete
• period cost
• perpetual inventory
• Phase-in -out part
• piece part
• Service parts
• Spare parts
• Supplier performance