Smart contracts are computer programs that are designed to execute automatically and autonomously once certain pre-specified conditions are met. They run on blockchain technology, which is essentially a decentralized and distributed digital ledger that records transactions in a secure and transparent manner. The use of smart contracts has been touted as a game-changer in many…
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What time is it Mr consultant ….Lead time, Cycle time or Takt time???
We use these a lot but sometimes we can get ourselves muddled up. Bookmark this page and you’ll never have this problem again….. Lead time, takt time, and cycle time are all important concepts in manufacturing and production processes, but they each refer to different aspects of the production process. Here’s a brief explanation of…
