Examlex
Electronic monitoring requires the use of a satellite to monitor the movements of offenders.
Equipment Utilization
A measure of how effectively a manufacturing or production facility's equipment is being used, often expressed as a percentage.
Postponement Strategy
A supply chain management tactic that delays the final production or distribution of a product until customer demand is known, to reduce inventory costs and increase customization.
Service Productivity
A measure of the efficiency and effectiveness of a service operation, often assessed by the output produced relative to the input used.
Hybrid Process
A production method that combines elements of both batch and continuous processing to improve efficiency and flexibility.
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