Explain the meaning of the term takt time, and use a numerical example to illustrate

What will be an ideal response?

Takt time is the cycle time needed to match the rate of production to the rate of sales or consumption. Numerical examples may vary, but one might be as follows: Units are sold at a rate of 240 per day. A plant running one shift (480 minutes) per day would establish a takt time of 2 minutes per unit, or 120 seconds per unit (480 minutes ÷ 240 units). All manufacturing steps in the process would be planned to complete their work within the 2-minute takt time.