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activity 2 - improve this Process time is the time spent...

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d. Value-added time is cycle time that adds value to the product from the customer’s prospective. Non-Value-added time adds no value to the customer. The reason it is important to know the difference between these is so a company knows what to look for to improve cycle efficiency, and by reducing non-value-added time, a company can
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Unformatted text preview: improve this. Process time is the time spent producing the product and this is the only value-added time. Inspection time, move time, and wait time are all non-value-added time and by knowing this distinction a company knows what time to try and reduce to become more efficient....
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