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The British incurred their greatest losses of the entire Revolutionary War in the Battle of
Value-Added Time
The portion of production time that adds value to the product, as opposed to time spent on non-value-adding activities.
Quality Cost Reports
Documents that outline the costs associated with ensuring products meet quality standards, including prevention, appraisal, and failure costs.
Lost Sales
Revenue opportunities foregone due to stockouts, production constraints, or market limitations.
Setup Time
The amount of time required to prepare equipment, machinery, or systems for operation or production.
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