Examlex
What is an MSDS? Briefly explain its purpose.
Throughput Time
Throughput Time is the total time taken to produce a product, from the start of production to its completion.
Manufacturing Cycle Efficiency
A measure of the efficiency of the production process, calculated as the ratio of value-added time to total cycle time.
Margin
The difference between the selling price of a product and its cost, typically expressed as a percentage of the selling price.
Turnover
The total sales made by a company in a specific period, or the rate at which inventory is sold and replaced.
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