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Debt Ratio

What is Debt Ratio? The term debt ratio is a financial amount that measures the leverage of a business. The ratio can be expressed in decimals or percentages. This ratio can be understood as the percentage of assets financed by debt. A ratio higher than 1 indicates...

Adoption Rate

What is the Adoption Rate? The rate of adoption refers to the speed at which new technologies are adopted and used by society. This rate is represented by the number of members of society who begin using new technology during a certain period of time. Comparing...

Andon Cord

What Is an Andon Cord? The Andon cord is a cord or button that workers can activate to stop production and alert management if there are any significant issues. The production line will not produce any defective units as they work to fix the problem. Amazon Customer...

Daily Management

What is Lean Daily Management System (LDMS)? Lean Daily Management, as defined, is a system that allows us to determine on a daily base whether we are meeting our goals or not, take corrective actions, and check that previous actions and improvements have been...

Cross-Functional Management

What is Cross-Functional Management? The innovative style of management known as cross-functional management has become increasingly popular and innovative management style. Definition of cross-functional Management Cross-functional Management involves breaking down...