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Average Cycle Time
The average duration it takes to complete a process from start to finish, often used in manufacturing and project management.
Total Processing Time
The complete amount of time required to finish a task or process from start to end.
Value Of Goods
The monetary worth assigned to products, determined by factors such as market demand, production costs, and competitive pricing.
Just-In-Time System
The Just-In-Time System is an inventory management philosophy aimed at decreasing waste and increasing efficiency by receiving goods only as they are needed in the production process, thereby reducing inventory costs.
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