Cycle time is an important cost driver.

Name: Cycle time is an important cost driver.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Cycle time is the amount of time it takes to complete a process or activity, and is a key factor in determining the efficiency and cost of a system. The longer the cycle time, the more resources and time are required to complete a task, which can increase costs. Therefore, reducing cycle time is often a key goal for improving productivity and reducing costs.

Cycle Time Is an Important Cost Driver