Examlex
One force driving the move to JIT inventory management is competition among companies to provide excellent customer service.
Return On Investment
An indicator used to assess the gain or loss generated from an investment relative to its cost.
Delivery Cycle Time
The period from when a customer order is received to when the finished product is shipped.
Throughput Time
Throughput Time is the total time taken to produce a product, from the start of production to its completion.
Manufacturing Cycle Efficiency
A measure of the efficiency of the production process, calculated as the ratio of value-added time to total cycle time.
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