Name |
Long Name |
Description |
Accuracy |
Accuracy |
The condition or quality of being true, correct, or exact; freedom from error or defect; precision or exactness; correctness. |
Cycle Time Reduction |
Cycle Time Reduction |
Cycle Time Reduction is identifying and implementing more efficient ways to do things. Reducing cycle time requires eliminating or reducing non-value-added activity, which is defined as any activity that does not add value to the product. |
Efficiency |
Efficiency |
Efficiency in general describes the extent to which time or effort is well used for the intended task or purpose. Efficiency is a measureable concept, quantitatively determined by the ratio of output to maximal possible output. |
Timeliness |
Timeliness |
When something happens at the most suitable time. |