A measure of the efficiency with which an organisation converts or processes material, people or information. It captures information on how long items spend waiting in queues, in stores, etc. Hence it provides a good indication of how much of the time an item spends in an organisation as value-added time

BPIR Categories

5.5.5 Implement systems for managing production/delivery
5.1.1 Plan key production & delivery processes
3.1.1 Establish a design process

Unlock this article and 10,000+ more

To get the most out of our extensive resources, please login or become a member below.