Lead time is the duration between the start and end of a process. Cycle time is the duration for the entire process to be completed. Understanding how to utilize both time measurements can lead to ...

In the workplace, manual calculations of various aspects of inventory management, have largely been superseded by relatively inexpensive business management software, inventory forecasting software in ...

This article concludes the Troubleshooter’s Rules of Thumb series. Bob Hatch is manager of technical service and customer support for Prime Alliance, the Des Moines-based resin distributor. Before ...

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The sales cycle is the length of time it takes, on average, to complete a sale from lead to close. Business with long sales cycles sell products or services that involve great complexity and cost. Due ...

• Life-cycle cost (LCC) – The cost of using an item in its intended application over the entire time period of expected use. LCC typically takes into account lost production and corrective maintenance ...

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 these ...