Updated on December 15th, 2022
Understanding and measuring process time is one of the most important aspects of process improvement. Much of the waste (muda) in a process causes a process to take longer than it should. When a process takes longer, customers are waiting for their final products and services and people in the process are typically costing the company more money.
However, timing a process can sometimes also be a time-consuming process. And, if time is money, then quickly getting a good understanding of process cycle time, when conducting process improvement, is imperative.
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