Examlex
One advantage of the wound-rotor induction motor compared to the squirrel-cage motor is that it has lower initial cost and maintenance costs.
Work in Process
Work in Process is inventory that includes goods in production but not yet completed, representing a stage between raw materials and finished goods.
Value-Added Cost
Costs that contribute to increasing the value of a product or service from the perspective of the customer, such as improvements in quality or features.
Theory of Constraints
A management philosophy focusing on identifying and managing the most significant limiting factor (constraint) that stands in the way of achieving a goal.
Bottlenecks
Points of congestion in a system where the actual or potential capacity is less than the demand, leading to delays or slowdowns.
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