Examlex
The _____ function helps an organization in achieving quality by exposing the costs of poor quality and opportunities for reducing it.
Lead Time
The amount of time that elapses between the initiation of a process and its completion, often used in the context of product manufacturing or procurement.
Standard Deviation
An indicator of the spread or distribution of a data set, revealing how much the values deviate from the average.
Lead Time
The time taken from initiating a process until its completion, often used in the context of the time between ordering a product and its delivery.
Fill Rate
A metric that measures the percentage of customer or sales orders that are fulfilled from stock available, indicating the ability to meet demand.
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