A job ticket, also known as a job card, is a document used in manufacturing and service industries to track the working hours, materials used, and the progress of a job or a service request. It provides detailed instructions and specifications necessary to complete a job efficiently and accurately.
Operating costing, also known as service costing, is a cost management technique employed to ascertain the cost of delivering services within an organization or to the public. It is particularly applicable in industries engaged in continuous operations, such as electricity generation, transportation, and healthcare.
A 'tip' encompasses two primary interpretations: a gratuity given for exceptional service and a piece of valuable information in investment contexts.
The period during which the operators of a machine or the machinery itself are idle or waiting for work, materials, or repairs. This is a key concept in manufacturing, logistics, and service industries.
