Examlex
When a V is used as a formatting character for an element, it indicates where the decimal point should occur, even though the actual decimal point is not included.
Non-Value-Added
Activities or processes that consume resources but do not add to the product's value or the customer's experience.
Throughput Time
The complete duration required for an item to go through the entire manufacturing cycle, beginning to end.
Manufacturing Cycle Efficiency
A ratio showing the value-added time as a percentage of the total lead time within a manufacturing process.
Delivery Cycle Time
The total time taken from receiving a customer order to delivering the finished product to the customer, encompassing all stages of the order processing and production process.
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