Examlex
Insurance coverage is always effective the moment an insurance broker accepts the applicant's first payment toward the premium.
Throughput
The rate at which a system generates its products or services over a specific period.
Manufacturing Cycle Time
The total time required to manufacture a product, from the start of the production process to its completion.
Kanban
A scheduling system for lean manufacturing and just-in-time production, which uses visual cues to signal steps in the production process.
JIT Environment
A production strategy that aims to reduce times within the production system as well as response times from suppliers and to customers, characterized by just-in-time inventory management.
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