Term
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Definition
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Term
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Definition
| Output/(Input_1+Input_2+Input_3) |
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Term
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Definition
| Characteristics that customers perceive as minimum standards of acceptability to be considered as a potential for purchase. |
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Term
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Definition
| Characteristics of an organization's goods or services that cause it to be perceived as better than the competition. |
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Term
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Definition
| Operating Time per day / Desired Output Rate |
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Term
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Definition
| High variety with low or very low volume (Repair Shop). |
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Term
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Definition
| Moderate variety with moderate volume (Commercial Bakery). |
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Term
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Definition
| Low variety with high volume (Assembly Line). |
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Term
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Definition
| Very low variety and very high volume (Water Treatment). |
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Term
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Definition
| Amplification of demand variation as you go upstream in the supply chain. |
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