Examlex
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Beginning of Process
The stage in production at which the manufacture of goods or processing of materials starts.
Lead Time
The time interval between the initiation of a process and its completion, often used in the context of supply chain and production.
Value-Added Time
The portion of the production process where value is actually added to the product or service, as perceived by the customer.
Non-Value-Added Time
Periods during a manufacturing or service process that do not contribute directly to the final value or product, such as waiting or movement times, which businesses aim to minimize.
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