Examlex
The administrative purpose of a performance management system refers to:
Non-Financial Performance Indicators
Metrics used to assess the performance of a business not directly related to financial figures, such as customer satisfaction and employee turnover rates.
Quality Measure
A standard or metric used to assess the degree of excellence of a product, service, or process.
Machine Downtime
The period during which a machine is not operational or productive, often due to maintenance, repairs, or technical failures.
Percentage Of Idle Time
The proportion of time that resources remain unutilized during the production process.
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