From the course: The Benefits of Standardization and Standard Work

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Lead time

Lead time

(lively music) - Hi there, welcome back. All right, in this module we're going to discuss the topic of lead time as it relates to organizations fully immersed with standard work. Well, specifically, by the end of this module, you'll have reviewed several different types of time lean practitioners speak of, including how to calculate lead time based on standard work. Now, to start this module off, we're going to talk about time. You see, lean practitioners like to talk about time, a lot. So to bring clarity to the situation, we're going to take some time to discuss the different types of time all lean practitioners should understand. First, takt time sets the pace or rhythm of the process. It's simply the ratio of net available time over the average daily demand. Now, for a more thorough review of takt time, please check out the takt time video in our Transforming Your Value Streams course. Next, when we use the term cycle…

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