Monthly statistic released by the Federal Reserve Board (FRB) on the total output of all U.S. factories and mines. These numbers are a key economic indicator.
Output refers to the amount produced, whether it's the results provided by a computer system or the tangible results of a production process.
The production rate is a vital metric in manufacturing, representing the speed at which a production line manufactures products. It informs stakeholders about productivity efficiency and capacity utilization.
The state of being able to generate creative and valuable output efficiently. Often associated with high levels of creativity, efficiency, and often substantial yields of work in a given period.
The Scale Effect refers to the cost advantages that a business obtains due to the size, output, or scale of its operation. Primarily, the cost per unit of output generally decreases with increasing scale as fixed costs are spread out over more units of output.
Theoretical Capacity refers to the maximum output that could be achieved by an organization or machinery without interruptions or inefficiencies.
