Explain how having more work-in-process inventory can improve the efficiency of a process? How can this ever be bad?
Answer to relevant QuestionsRecently some Operations Management experts have begun insisting that simple maximizing process velocity, which actually means minimizing the time that it takes to process something through the system, is the single most ...How does seasonal variability in demand affect the flow and waiting time through a process? How might a company respond to reduce the effect of this variability?What are the four basic techniques for measuring work and setting time standards?Wally’s Widget Warehouse takes orders from 7 a. m. to 7 p. m. The manager wants to analyze the process and has provided the process flow diagram shown below. There are three steps required to ship a customer order. The ...“You don’t inspect quality into a product; you have to build it in.” Discuss the implications of this statement.
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