What Does FI Stand For?
FI stands for Formal Inspection
FI, or Formal Inspection, is a systematic evaluation process designed to assess the quality, compliance, and overall condition of a product, service, or system. This detailed examination is conducted according to established standards and criteria, ensuring that all relevant specifications and regulatory requirements are met. The findings from a Formal Inspection are typically documented in a report, which serves as a basis for decision-making and potential corrective actions.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym