Today I’m opening a discussion about of 2 terms that come from the Lean lexicon: TAKT TIME, and ACTUAL TAKT TIME. Remember, “Lean” is the occidental word defining what it is basically the Toyota Production System, implemented in Japan in the 60’s, and that the rest of the world tried to embrace 20 years too late, and that trying to make it very, very short, it is based in the identification of the production wastes -jp. muda- and the processes to eliminate them. But we will talk about these terms here because they are very related to the production costs.
The Cost Modeling community has not only the ability to change the healthcare landscape, but the responsibility to the human race to make healthcare more affordable to all.
What does the current situation with the virus have to do with Cost Management? The virus is a medical / social issue and cost management is a business proposition. What could they have in common?