The ratio of the sum of all value-added operations in a process to the process lead time. The amount of time an item spends in production having value added to it versus the total amount of time it spends in the system.
Grow Your Top and Bottom Lines
The ratio of the sum of all value-added operations in a process to the process lead time. The amount of time an item spends in production having value added to it versus the total amount of time it spends in the system.