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Today, Mike Negami, a Lean Sigma Black Belt, discusses how to create a Standardized Work Chart on an Excel template to utilize Takt Time effectively. Standardized Work, a Toyota-established method, consists of Takt Time, Working Sequences, and Standard In-Process Stock. This detailed episode builds on the previous Takt Time video, so watch that first. Toyota uses this chart to implement various tools like the Kanban System and One Piece Flow at the workplace. Creating the chart requires a Standardized Combination Table.