Examlex
Explain effectiveness. When is an organization said to be effective?
Spare Plant Capacity
The additional production capacity available in a facility that is not currently being used, allowing for increased output without significant new investment.
Operational Hours
The hours during which a business or service is operational and open to customers.
Capacity Management
The process of planning and controlling the resources needed to meet product demand while maximizing operational efficiency.
Subcontracting
This refers to the practice of assigning or outsourcing part of the obligations and tasks under a contract to another party known as a subcontractor.
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