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Development activities tend to take place at the lower levels of management of the organization, while training activities tend to take place at the higher levels of the organization.
Machine Breakdowns
Unplanned events where machinery or equipment fails to operate, potentially causing disruptions in production and incurred costs for repairs and maintenance.
Materials Spoilage
Products or components that are damaged, expired, or otherwise unable to be used in production, often leading to waste and financial loss.
Budgeted Cost Systems
Accounting systems that use budgets to project the costs of operating a business, typically used for planning and control purposes.
Standards
Established requirements, specifications, guidelines, or characteristics to be used consistently to ensure that materials, products, processes, and services are fit for their purpose.
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