Identify the Following Terms

question 20

Short Answer

Identify the following terms.
-Arthasastra

---

Definitions:

Zero Waste

An approach to resource management aimed at avoiding any waste by reusing products and materials in as many cycles as possible.

Cycle Time

The total time from the beginning to the end of a process, providing a measure of the efficiency of the process.

Production Improvements

Enhancements made to the production process to increase efficiency, reduce costs, or improve product quality.

Days' Payable Outstanding

A financial ratio that calculates the average time it takes for a company to pay its suppliers.