Examlex
ISO 9001:2008 is a certification program for companies that adhere to an international set of quality management standards and guidelines.
Move Time
The duration it takes to transfer materials or products from one phase of production to another.
Non-value-added Time
Time spent during the production process that does not directly contribute to the final value or quality of the product.
Return On Investment
A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit from the investment by its cost.
Performance Measure
A quantitative indicator used to evaluate the effectiveness or success of an organization, employee, or process in achieving objectives.
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