Examlex
What are the implications of the law of conservation of matter and energy for recycling and waste disposal?
Residual Income
The income that remains after subtracting all required costs of capital from operating profit.
Throughput Time
The amount of time taken for a product to pass through all stages of production from start to finish, including processing time, wait time, and move time.
Manufacturing Cycle Efficiency
A metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.
Non-Value-Added
Activities or processes that do not add value to the product or service from the customer's perspective, leading to unnecessary costs.
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