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Production delay cost refers to the financial impact incurred when a manufacturing process is slowed or halted, leading to delays in output. These costs can arise from various factors, such as equipment breakdowns, labor shortages, or supply chain disruptions. They typically include lost revenue from unfulfilled orders, increased labor costs for overtime, and potential penalties for late deliveries. Overall, production delays can significantly affect a company's profitability and customer satisfaction.

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2mo ago

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