Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Setup - What is the meaning of set up cost?

the cost involved in preparing and setting up a machine for the next work task, including cleaning, replacement of cutting tools or jigs etc. Set-up costs include the labour costs of preparing machines, the cost of new tools and frequently higher scrap rates immediately after machine resetting.