Question: PLEASE HELLP AND SHOW WORK!! Using Little's Law - Clearly identify what the inventory, throughput and flow time are. In a recent visit to the

PLEASE HELLP AND SHOW WORK!! Using Little's Law - PLEASE HELLP AND SHOW WORK!!

Using Little's Law - Clearly identify what the inventory, throughput and flow time are. In a recent visit to the Trane factory in Clarksville, I was told the following story: The flow time for a commercial air conditioning through the factory was 13 days. The facility produces 6 units per day. How many units does the facility have as work in process at any given time? Suppose through the elimination of waste that the firm reduces flow time to 5 days. What is the new work in process inventory? Suppose the cost of a finished unit is $30,000. On average a work in process unit is 50% complete. How much capital did this improvement effort free up for the firm? Little's Law Inventory = Throughput rate X Flow time. 3 variables and the proble will always give you two of the three Revised Original Flow Time Throughput WIP days units per day units days units per day units 50% complete 50% complete Capital $ Reduction in capital

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