Beginning and end of a process

Reference no: EM133611039

Question: Value-added lead time and non-value added lead time are part of both the beginning and end of a process. Value-added time includes items that are taken from materials and transformed into something someone will pay for. So in order to create a laptop, you need materials and someone willing to build it. So cutting the materials or putting it together is considered value- added time, because someone is doing something that will make it valuable at the end of the process. Non-value added time means doing things that don't benefit you or the product in the end. So this includes waiting for something, going back to fix an error, looking at instructions. If someone was building a laptop and was waiting on their partner, then had to go back and correct something, those two actions are considered non-value added time. Assembling the laptop is considered value-added time. Customers are willing to pay for value-added time but not non-value added.

Reference no: EM133611039

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