Definition:
Management by means. Managing by means may be a more harmonious approach than managing by results, given that MBM is founded upon continuous optimization of business operations and processes.
Further Reading:
Book: Toyota Kata by Mike Rother
Definition:
“Planned Cycle time” can mean the total elapsed time between when a customer places an order and when he receives it. Just to confuse things more, “cycle time” is also used to represent the actual work cycle which may, or may not, be balanced to the takt time.
Further Reading:
Book: Toyota Kata by Mike Rother.
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