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A major difference exists between a venture's operating cycle and its cash conversion cycle because the conversion cycle includes the time to:
Maintenance Tactics
Strategies deployed for the upkeep, repair, and preservation of equipment, facilities, and infrastructures to ensure operational efficiency and safety.
Total Productive Maintenance
A comprehensive maintenance strategy focused on increasing productivity by preventing accidents, eliminating defects, and reducing downtime in manufacturing processes.
Reliability
The probability that a system, component, or device will perform its required function under stated conditions for a specific period of time.
Empowered Employees
Workers who are given the authority, capability, and encouragement to take meaningful actions in their roles.
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