Cycle Time
From Open Risk Manual
Definition
Cycle Time. This term can be used in different contexts of the Physical Supply Chain.
The cycle time gives the idea of the time it takes for a product/service from its beginning phase to delivery.
- In the case of production, the cycle time is the time that elapses between the arrival of the raw materials and the payment of the finished product.
- If one evaluates the cycle time from the point of view of the end customer, the cycle time can be defined as the total time that the customer must wait to receive and accept a product/service after they ordered it.
