Chapter 6
Velocity, Throughput, and Lead Time
Okay, we’ve discussed flow versus batch methodologies. Let’s look at the effects of these systems with an expanded discussion on time and speed. You may see these terms used in slightly different ways and that’s OK, it’s all in the interpretation. Here are the words:
Velocity is the speed at which an order of product or service moves through your system. The important point here is that the longer an order stays in your process, the more cost it accumulates. Another consideration is the rate of return on investment during a specific time bite. The faster you can move through your system, the faster ...
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