Time required to produce and deliver a product or service. Thus, total cycle time is the sum of value-added processing time and total nonvalue-added time. See also Delivery Cycle Time; Customer Response Time.
| Accounting Dictionary: Cycle Time |
Time required to produce and deliver a product or service. Thus, total cycle time is the sum of value-added processing time and total nonvalue-added time. See also Delivery Cycle Time; Customer Response Time.
| 5min Related Video: Cycle Time |
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