Match each term with its definition:

Attempt due: Dec $12$ at $3$pm

MTBF

The inverse of the mean time between failures is the

Preventive maintenance

Raw material inventory

Setup cost

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involves monitoring equipment and facilities along with performing routine inspections and service to keep equipment and is material that is usually purchased, but has yet to enter the manufacturing process. the costs of holding or "carrying" inventory over time

cost to prepare a machine or process for manufacturing an order

is the product$-$based definition of quality

is the expected time between a repair and the next failure of a component, machine, process, or product.

uses advanced technologies to monitor and predict equipment failure

the costs of placing an order and receiving goods

is the number of failures during a period of time

emergency or priority repairs on failed equipment

is the probability that a machine part or product will function properly for a specified time regardless of conditions.

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Predictive maintenance

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