What is idle time?
Updated September 28, 2018
Idle time is unproductive time of employees or machines, or both, for which they are still paid or the machines are incurred in expenses.
It is associated with waiting time due to factors such as lack of clients, overcapacity, maintenance periods, technical failure, unavailability of raw materials or supplies.
Idle time is an inevitable part of retail and services, but by bartering idle time by other goods or services, companies can leverage assets that would otherwise be lost, thereby helping them to hit their margins.
Read more about the benefits.
What is excess inventory?
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