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Collaborative Engineering Automates Order Processes from Initial Customer Inquiry to Final

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Collaborative engineering automates order processes from initial customer inquiry to final product delivery.


Definitions:

Labor Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Real Income Per Capita

A measure of the average income earned per person in a given area adjusted for inflation, reflecting the actual purchasing power of individuals.

Per Capita Income

The average income earned per person in a given area in a specified year, used as an indicator of the economic health of a region.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the change in Real GDP.

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