The Value of Lead Time

Learning Objectives

  • Show the difference between a Traditional process and a Lean process

  • Explain the fundamental relationship between Process Lead Time, Work-In-Process (WIP), and Throughput
    (Exit Rate)

  • Understand the concept of Process Cycle Efficiency and how it relates to Lead Time

  • Explain how variation impacts a process

  • Demonstrate the value of lead time (often a key Voice of Customer metric) through exercises