The ratio of value-added manufacturing time to the total of both value and non-value-added manufacturing times is known as cycle efficiency.
Value-Added Time—The amount of time spent on tasks that add value to a process or that customers are willing to pay for. Time spent performing tasks in a process that the client is not prepared to pay for is referred to as non-value added time. Time spent that enhances the results of a manufacturing is referred to as value added time. Usually, this is only the processing time necessary for production. The time spent enhancing the value of a good or service is known as the value added ratio (VAR).
To learn more about Value-Added, click here.
https://brainly.com/question/17162778
#SPJ4
