Examlex
The net fixed asset investment is defined as the change in net fixed assets plus amortization expense for the period.
Continuous Improvement
An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.
Internal Failure Costs
Expenses incurred due to defects before products or services are delivered to customers, including costs related to wastage, rework, and inspection.
Scrap
Material that is discarded or waste from manufacturing processes, often capable of being recycled.
Downtime
The period during which an operation, system, or machine is not functional or productive.
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