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A worker-machine chart can help identify nonproductive parts of a process.
Cash Savings
Funds that are put aside and are liquid, allowing for easy access in times of need.
Lower Labor
A reduction in the amount of labor used or required in a process or production.
Internal Rate
Often refers to the internal rate of return (IRR), which is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.
Operating Costs
Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and payroll, excluding costs related to production.
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