value of materials
1value added — is the risk adjusted return generated by an investment strategy: the return of the investment strategy minus the return of the benchmark. Bloomberg Financial Dictionary * * * Ⅰ. value added UK US (also value added) noun …
2Value Stream Mapping — is a Lean technique used to analyse the flow of materials and information currently required to bring a product or service to a consumer. At Toyota, where the technique originated, it is known as Material and Information Flow Mapping [Learning to …
3value chain — ➔ chain * * * value chain UK US noun [C] PRODUCTION, ECONOMICS ► the series of stages involved in producing a product or service that is sold to consumers, with each stage adding to the value to the product or service: »We want recycled materials …
4Materials informatics — is a field of study that applies the principles of informatics to materials science and engineering to better understand the use, selection, development, and discovery of materials. This is an emerging field, with a goal to achieve high speed and …
5Value engineering — is a systematic method to improve the value of goods and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It …
6Value added tax — Taxation An aspect of fiscal policy …
7materials science — the study of the characteristics and uses of various materials, as glass, plastics, and metals. [1960 65] * * * Study of the properties of solid materials and how those properties are determined by the material s composition and structure, both… …
8materials testing — Introduction measurement of the characteristics and behaviour of such substances as metals, ceramics, or plastics under various conditions. The data thus obtained can be used in specifying the suitability of materials for various… …
9Value Chain — A high level model of how businesses receive raw materials as input, add value to the raw materials through various processes, and sell finished products to customers. Value chain analysis looks at every step a business goes through, from raw… …
10Value Engineering — A systematic and organized approach to provide the necessary functions in a project at the lowest cost. Value engineering promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality. It… …
