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What is Takt Time and what does it consist of? Provide a simple example where you can explain its function or usefulness

What is Takt Time and what does it consist of? Provide a simple example where you can explain its function or usefulness

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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What is Takt Time and what does it consist of? Provide a simple example where you can explain its function or usefulness.

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Takt time

Takt Time = the time between the Two units Produced or in words, the average time between the two units produced. Or we can say , the rate at which customer demand need to meet 

It Consists of the Customer demand and the Production time available,

 

Takt time = Available production time / customer demand

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