Takt Time Is the Cycle Time Needed to Maximize Utilization

question 164

True/False

Takt time is the cycle time needed to maximize utilization of an organization's workers and equipment.

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Definitions:

Safety Stock

Additional inventory kept to prevent stockouts due to variability in demand or supply lead time.

Banking Relationship

Refers to the business interactions and communications between a bank and its customers, including the services and products offered.

Immediate Decrease

A sudden decrease in value or amount, happening without delay or within a very short time frame.

Ledger Balance

The total balance of all accounts in a business's ledger, reflecting the current financial situation before any adjustments or reconciliations.