Speed

• Definition


  refers to the time it takes for the production and the operations processes to respond to changes in market demand

  As a performance objective, speed aims to satisfy customer demands as quickly as possible
• Purpose


  Purpose: to fulfil customer demands as quickly as possible as businesses operate in dynamic environments where demand and output are constantly changing

  Eliminating production bottlenecks and creation of open communication and results in achieving goals for speed can include reduce wait times, shorter lead times, change input levels, processing times and faster processing items