Frequently asked questions
What is meant by turnaround time?
Turnaround time is how long it takes to finish a process or complete a task, often linked to efficiency.
What is the effect of turnaround time on efficiency?
Turnaround time affects efficiency by determining how quickly tasks or processes are completed; shorter turnaround times generally lead to higher efficiency.
What is the difference between turnaround time and turnover time?
Turnaround time is how long it takes to finish a process or task, while turnover time is how long it takes to replace or renew inventory, staff, or resources.