Examlex
What is party identification and how has it changed over time?
External Failure Costs
Costs that are incurred when a product or service that is defective is delivered to a customer.
Warranty
A guarantee provided by a seller or manufacturer to a buyer that a product will meet certain performance and quality standards over a specified period.
Manufacturing Cycle Efficiency (MCE)
A performance metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.
Quality of Conformance
The degree to which a product or service meets the specified standards and customer expectations.
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