Examlex
When making decisions, the quantitative information considered consists of factors relevant to the decision that cannot be expressed effectively in numerical terms.
Manufacturing Cycle Efficiency
A metric that evaluates the efficiency of a manufacturing process by comparing the value-added time to the total production time.
Queue Time
The duration that an item spends waiting to be processed or serviced in a system.
Delivery Cycle Time
The total time taken from receiving a customer order to the delivery of the product, indicating the efficiency of the production and delivery system.
Manufacturing Cycle Efficiency
A performance metric that measures the efficiency of the production process by dividing the value-added time by the total cycle time.
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