Examlex
Smart systems are called "smart" because
Operating Costs
Costs incurred from routine operations of a company, not including expenses tied to manufacturing.
Economic Value
A measure of the benefit provided by a good or service to an economic agent, often quantified in terms of willingness to pay or the amount of resources saved.
Preventive Maintenance
Routine maintenance and inspections carried out to prevent equipment failures before they occur, ensuring operational efficiency.
Injection Mold
A manufacturing process for producing parts by injecting material into a mold.
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