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In this video tutorial, Lean Sigma Black Belt Mike Negami explains how to create a Standardized Work Chart using an Excel template to effectively utilize Takt Time. Standardized Work, a method established by Toyota, consists of three elements: Takt Time, Working Sequences, and Standard In-Process Stock. This method is used to standardize work processes in each workplace. The Standardized Work Chart is an important tool used by Toyota alongside other famous methods like the Kanban System and One Piece Flow. To create the Standardized Work Chart, a Standardized Combination Table must be prepared. Make sure to watch the Takt Time video before proceeding with this episode for a better understanding.