Throughput: The quantity of goods, money, customers or services passes through a business process per unit of time. An example of a performance measure can be assessing the number of consumers turning in the shop each hour or the number of products manufactured within a minute.
Flow time: The complete time invested by a business organization to finish a process from the start to the end is known as flow time. Processing time is another term for flow time. For example, if a business organization uses two ways to process, then the time taken by the longest way is taken into consideration for calculation purposes.
Inventory: It is the total quantity of units processed by a business organization within a specific time. An example of an inventory process in an assignment on operations management can be the number of consumers standing in a confectionary shop at a specific time.