Inventory into Waiting Time with Little's Law
This lesson is part of the course
In this lesson
You turn every inventory triangle into days of waiting with Little's law, add them up to the lead time, find where the waiting piles up and size the WIP for a 10-day target.
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Lessons in this course
- The Data Box: Cycle Time, Changeover, Uptime & Inventory Locked
- Takt Time vs Cycle Time: Which Steps Can Keep Up? Locked
- Inventory into Waiting Time with Little's Law Locked
- Lead Time, Value-Added Time & Process Cycle Efficiency Locked
- Bottleneck & First-Pass Yield: Rolled Throughput Yield Locked
- Future-State Map: Smaller Batches, Less WIP Locked
- Before vs After: Lead Time Comparison Chart Locked
- Kaizen Savings Estimate: Inventory, Scrap & Payback Locked