What is Yield?
Yield
The proportion of good products among those made.
What it means
Yield is the quantity of good products divided by the quantity made. When combined with the defect rate, it becomes 100%.
Even if the order quantity is filled and sent out, if the yield is low, the material and time needed to make more items were wasted to fill the order.
At the pen factory
After I started writing down the defects separately, I assembled 311 pens and 300 pens were good products. The yield is 96.5%.
Why it matters
As yields increase, more products are produced from the same materials and in the same amount of time.