Can a Business Have Too Much Inventory?
Storing inventory comes with costs that are felt by many departments of a business, not just the operations department. Having
Storing inventory comes with costs that are felt by many departments of a business, not just the operations department. Having
What is the Kingman Formula? The Kingman Formula (or Kingman Law) is a mathematical relationship from queueing theory, applicable to
What is ‘lost time’? ‘Lost time’ refers to the losses, (both planned and unplanned), that contribute to the difference between
Definition of Capacity The (output) capacity of an operation is the maximum amount of value-adding output (per time period) that
‘Capacity’ Definition in Operations / Supply Chain The (output) capacity of an operation is the maximum amount of value-adding output
What is ‘Demand’? In Operations Management? In the context of operations management, the word ‘demand’ can mean either what the
Process Mapping ‘Process mapping’, or mapping the system of process, is a key early step in understanding an organisation. Lean
Selecting the process batch size and transfer batch size has a huge impact on making your business operations more “Lean”.
What Does ‘Gemba’ Mean? ‘Gemba’ is a Japanese word meaning ‘the real place’. Gemba is the place of action, which
What is SMED? “SMED” is an improvement tool methodology for analysing and reducing changeover times and cycle times. It is
Only quality educational information and some respectful promotional awareness.
We will never share your data.
Join Up Now!
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |