Question: Why do you think that lean production stresses the elimination of WIP? Under what conditions is WIP advantageous? How can its levels be controlled? How

Why do you think that lean production stresses the elimination of WIP? Under what conditions is WIP advantageous? How can its levels be controlled? How can Little's formula help?

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Excessive WIP ties up operating capital that could be used elsewhere creates inefficiencies by inhib... View full answer

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