Lean Six Sigma

Takt time is available production time divided by the customer demand during that period. It's the heartbeat of any repetitive Lean production process.

SMED is the Lean practice of reducing the time of process changeovers, decreasing cycle time and increasing process efficiency and throughput.

DPMO is used as a process quality benchmark when quality is defined as Pass or Fail. It is also used to compare processes of different complexities.

Lean and Six Sigma are closely related continuous improvement strategies. Simply put Lean is the need for speed while Six Sigma is the need for quality.

Lean is a continuous improvement strategy for improving flow and eliminating waste. That is, getting the right things to the right places at the right time.