MCT Quick Reference Guide

Download or read book MCT Quick Reference Guide written by Rajan Suri and published by . This book was released on 2014-08-04 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This handy book is a working reference for practitioners using the MCT metric. MCT is a time-based metric that supports continuous improvement projects, since it quantifies an organization's total system-wide waste. Properly used, MCT does not need to be data-intensive and can be relatively easy to apply. Thus, by comparing "before" and "after" values, MCT provides a simple yet powerful metric with which to measure improvement.Although the origins of MCT are in manufacturing - the acronym stands for Manufacturing Critical-path Time - the metric can be used in many other contexts including insurance, banking, health care, and other industries.This Guide provides the key rules and guidelines for using MCT. It serves as a reminder of the main points as well as a checklist to ensure that you have taken into account the major items needed for MCT calculation and use.Practitioners will appreciate the concise and easy-to-follow format. In particular, the formatting and binding of the Guide allows you to lay the Guide flat and easily reference all the points for a given topic at one time.This Guide is a "must-have" for anyone using MCT in continuous improvement projects!