Examlex
The process of acquiring raw materials is part of the conversion cycle.
Infant Mortality
The failure rate early in the life of a product or process.
Normal Distribution
A probability distribution which is even around the mean, indicating that data points closer to the mean occur more frequently than those further away from the mean.
Maintenance
The process of preserving equipment, machines, buildings, or systems through routine checkups, repairs, and replacements to ensure they remain in a safe and functional condition.
Redundant Part
A backup component or section in machinery, systems, or products, designed to take over in case the primary part fails.
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