Takt Time

Takt time  is the calculated time, that indicates us  
with what speed or pace we have to produce a certain product to fulfill the customer’s demand.

Takt Time = Available time per period / Customer’s demand per period

For example ,

Available time per period =480 min per shift
Customer demand  =500 units per shift,

Then,

Takt Time = 480 / 500 
                  =0.96 min

i.e  Every 0.96 min,one unit to be rolled out  to meet the customer’s demand