Common use of Minrate Clause in Contracts

Minrate. Fraction of the total time that the inventory level of an arbitrary part is above or equal to the minimum-level. With minrate the aggregate minrate is meant. The KPIs is measured in process INV. Total number of parts which are repaired are counted. The number of parts had a higher priority and the remaining number of parts are counted. In process E, it is checked whether the part had a higher priority or not. Percentage of parts which are repaired within their due-date (only in case of Lead- time). In process E, when the part is repaired and transported it is checked whether its due-date is elapsed or not.

Appears in 2 contracts

Sources: Master's Thesis, Master's Thesis