Examlex
Although total factor productivity (TFP)measures are comprehensive, operations personnel find financial TFP measures more difficult to understand and less useful than physical partial productivity measures in performing their tasks.
Design Engineering
The branch of engineering focused on the design, development, and testing of products, systems, or structures, ensuring they meet specified requirements.
External Failure Cost
Costs incurred when a product or service fails to meet quality standards after it is delivered to the customer, including returns, repairs, and warranty claims.
Non-Value-Added
Activities or processes that do not add any significant value to the final product or service from the customer's perspective.
Value-Added Ratio
The ratio of the value-added lead time to the total lead time.
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