Time Flashcards
The actual amount of time a team spends working on producing an item (single unit), up until the product is ready for shipment.
Cycle Time
Total Available Work Time divide by Number of Units Produced
Cycle Time
Time from the Cradle to the Grave; time starts when the order comes in and ends when product/service is delivered to customer.
Lead Time
Manufacturing Time + Procurement Time + Shipping Time + etc.
Lead Time
Little’s Law
Lead Time = WIP divided by Throughput Rate
How much work is waiting to be completed. Work that has been started but not completed.
Work in Process (WIP)
How many things we can complete during a selected time period (Total production number per time unit [hours, days, weeks]).
Average completion rate (Throughput rate)
A maximum amount of time in which a product needs to be produced in order to satisfy customer demand.
Takt Time
is the time it takes to provide a service to one customer.
Cycle Time
is the time the customer wants the service to be completed.
Takt Time
the time a work item has to be produced in order to meet customer demand.
Takt Time
Total Available Work Time divided by Customer Demand
Takt Time
the time taken to produce one work item
Cycle Time
Total Available Work Time divided by Number of Units Produced
Cycle Time
Total Cycle Time divided by Takt Time =
Minimum Staffing Required