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The better metric to use is OEE (overall equipment effectiveness), which takes the variables into consideration and highlights the cause of any shortfalls or over accomplishments. Resources can be ...
How to Calculate and Reduce Inventory by Reduced Cycle Time. Storing inventory is costly to a business. It takes up storage space, must be insured, may be stolen or damaged, may become obsolete ...
Process time vs. cycle time is a discussion that comes up often for newcomers to Six Sigma. Understanding these principles and how they apply to your time management is vital. Failing to grasp ...