What is Takt Time is, and how it should be utilized to manage a process?

"Takt time is the cadence at which a process must produce to meet it's demand. To calculate takt time you divide the production time available in a day or week by the demand over the same period. Takt time is a very important piece of information required to manage any process. Once the takt time is understood, the process should be studied to identify it's cycle time based on it's current operation condition. The relationship of takt time and cycle time is used to evaluate if staffing needs to be added or removed, or if hours of operation need to change."