Examlex
Manufacturing cycle efficiency is computed by dividing process time by:
Defect
A flaw or imperfection in a product or system that causes it to be unsafe, ineffective, or fails to meet specified criteria.
Consigned Goods
Items that are given to a third party (consignee) to sell, where the original owner (consignor) retains ownership until the goods are sold.
Possession
The actual holding or control of property, whether owned or not.
Risk Of Loss
Pertains to the contractual and legal responsibility for the loss, damage, or destruction of goods during transportation or transaction.
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