Examlex
Prototyping is more iterative than the conventional lifecycle.
Time-Based Management
A strategic approach that focuses on reducing the time required to conduct various business processes to improve performance and competitiveness.
Non-Value-Added Costs
Costs incurred during the production or delivery of a product or service that do not increase its market value, often a target for reduction or elimination in lean manufacturing.
Idle Time
The time period in which resources, such as machines or employees, are available but not in use or production.
Production Lead Time
The total time required to manufacture an item, including the wait, preparation, and processing times, from the beginning of production to the product’s completion.
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