Theoretical flow time - PowerPoint PPT Presentation

Operations Management

Operations Management. Little’s Law - Lecture 3 (Chapters 3 and 4) Dr. Ursula G. Kraus. Review. Shouldice Hospital (“Focused Factory”) Process View of Operations Product/Process Attributes. Agenda. Process Characterization By Architecture By Positioning Strategy By Customer Interface

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Lean Operations: The Real Cost of Inventory

Lean Operations: The Real Cost of Inventory. Inventory adversely affects all competing edges (P/Q/V/D) Has cost Physical carrying costs Financial costs Causes obsolescence Due to market changes Due to technology changes Leads to poor quality Feed back loop is long Hides problems

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893 views • 30 slides

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