Examlex
A related organization is a contractual arrangement whereby two or more participants agree to carry out a common activity and share its risks and rewards.
Daily Capacity
The total amount of production output or services that an organization can achieve within a single day.
Operating Time
The total time during which a machine, system, or facility is functional and performing its intended tasks.
Product Layout
A type of factory layout where equipment and workstations are arranged in line with the sequence of operations for a specific product.
Equipment Utilization
A measure of how effectively a business or operation uses its equipment in terms of maximizing output and minimizing idle time.
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