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Industrial Production Index
The measure of the combined output of all products like mining, manufacturing, and electric and natural gas utilities organization in the United States as compiled by the Federal Reserve. When the industrial production index divided by an index of productive capacity, yields the capacity utilization rate that is a measure of capital use identical to the way the unemployment rate measures labor use.
Lead Time - Operations Management Estimated time from release of an order requesting the manufacture or procurement of any item until the time it is available. The lead time (
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