Examlex
Because our snap judgments are probably "good bets," the tendency to use heuristics and intuition might be considered
Manufacturing Cycle Efficiency
A measure of the efficiency of the production process, typically calculated as the value-added time as a proportion of the total throughput time.
Value-Added Time
The duration during which a product or service is being modified or enhanced to increase its value to the customer.
Throughput Time
The elapsed time from when production is started until finished goods are shipped.
Factory Floor
The operational area within a manufacturing plant where goods are actually produced, typically housing machinery, assembly lines, and workers.
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