Throughput is the rate at which a process or a system reaches its objectives/goals. The rate was first discussed and heavily analyzed in the book Theory of Constraints. The metric is most often measured using "rates" or "monetary" measurements (meaning money). Throughput is often referred to as manufacturing cycle time.
Quality Engineering is a discipline with the engineering circle that is focused on improving and innovating the all things related to the quality of a process or product. Quality Engineering is an important philosophy to understand within the continuous improvement umbrella.
Data cleansing, data washing or data scrubbing as it is often referred to, is a process of correcting and eliminating inaccurate (defects) records from a particular network, server, database or data warehouse. The purpose of data cleansing is to find errors or wasteful pieces of irrelevant information and delete or correct them. This ensures that data being used is accurate according to what is needed. Data cleansing is a powerful way to improve information and can be performed by following the 5S System.
Reference: Infyzoom.com - Data Cleansing
Bias is a term frequently used in forecasting and six sigma. Bias is the term used when a consistent deviation occurs from the mean/average. The deviation is always in one direction (either high deviation or low deviation). When forecasting a zero bias would represent a perfect forecast. In six sigma 0 deviation would represent absolutely no deviation from the established standard.
Assets is an accounting term that is used for items and resources that a company already owns. The term is used on a balance sheet to classify these items. Assets on hand are not the same as liabilities. The APICS Dictionary defines the term Assets as:
An Accounting/Financial term (balance sheet classification of accounts) representing resources owned by a company, whether tangible (cash, inventories) or intangible (patent, goodwill). These may have short term time horizon - such as cash, accounts receivable, and inventory- or a long term value (such as equipments, land, and buildings).
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