|
| |
Cycle time is the duration of a business process from start to end. This can be used as a metric to manage processes. Alternatively, it can be used to plan and improve operations such as a production line. Cycle time is defined in the context of a business or industry. The following are illustrative examples.
The cycle time of a production line is the time from a unit starting production to finishing production. Production lines may be tuned such that there is very little variation in cycle time from one unit to the next. The time from a customer's first contact to resolving and closing their issue or inquiry. This is typically highly variable and may be tracked as a mean or average.
The time from identifying an incident to resolving and closing it.Product DevelopmentThe time to develop a new product from concept to launch.|
| Type | | | Definition | The duration of a business process from start to end. | | Related Concepts | |
Business Metrics
This is the complete list of articles we have written about business metrics.
If you enjoyed this page, please consider bookmarking Simplicable.
A list of management accounting techniques and concepts.
A definition of target costing with examples.
A definition of continuous improvement with examples.
An overview of takt time with calculation formula and example.
The difference between lead time and cycle time explained with an example.
How to calculate productivity with 3 examples.
A definition of complexity cost with examples.
The definition of run rate with calculation examples.
The definition of managerial economics with examples.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
Site Map
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|
