CYCLE TIME - Cycle time is the total time from the beginning to the end of your process or actual time required for a worker to complete one cycle of his process or cycle time is the time from when the operation begins to the point of time at which the operation ends. LEAD TIME - "Lead time clock start when the request is made and ends at delivery." Example - A customer Request their production on November 6, the company receives the order instantly and delivers the product on November 10.He actually starts working on the product only from the 8.Therefore , the lead time here is 4 days while cycle time is 2 days. Note- Lead time can never be less than cycle time for optimal operation at best lead time = Cycle time Takt time - Takt is German word which means pulse take time is the rate at which a finished product needs to be completed in order to meet customer demand. Takt time is the maximum...