Examlex
The founder of modern utilitarianism was John Stuart Mill.
Non-Value-Added Time
Periods during a manufacturing or service process that do not contribute directly to the final value or product, such as waiting or movement times, which businesses aim to minimize.
Reducing Wait Time
The process of minimizing the amount of time customers or clients have to wait for service or product delivery.
Reducing Inventory
The process of decreasing the amount of goods or materials a company holds, often aimed at improving efficiency and reducing cost.
Within-Batch Wait Time
The delay experienced by units within a batch during a production process before they are processed.
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