Cycle Time Reduction Defined

• simply reducing time to complete one cycle of activity or cross functional business process.
• should be focused at cross functional process level rather than just activity level to avoid sub-optimization.
• needs to include measures of quality and cost so that you don't reduce cycle time while increasing cost and reducing quality
• might actually increase time for one activity in order to reduce cycle time of entire process. 

Cycle Time Reduction Techniques

• Activity Based Management
• Fast-Time-To-Market
• Process Management
• Reengineering