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How are cycle time and percent value-added time measurements of business process performance?

How are cycle time and percent value-added time measurements of business process performance?

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Answer #1

How are cycle time and percent value-added time measurements of business process performance?

  • Cycle time is the time taken from the start of production of a particular unit to the completion of production.
  • Te lower the cycle time, the higher is the demands of the customers is fulfilled
  • A business process performance can be measured based on the total process time, inspection time, move time, wait time, and any other time used during the production process
  • Value added time is made up of processes that improve products
  • It is the time in each value added process
  • Thus it determines how much value is added for a given time
  • A business process performance can be measured based on the ratio of value addition for a given time
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