Cycle Time, Inventory, and The Theory of Constraints (Internet Services - Web Hosting)

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Item ID 13237780 in Category: Internet Services - Web Hosting

Cycle Time, Inventory, and The Theory of Constraints

Inventory is one of the Toyota Production System's Seven Wastes, and it is directly proportional to cycle time; the amount of time necessary for a customer order to go through a manufacturing (or service) process. The Theory of Constraints explains why most cycle time is waste in most processes. First, no process can operate more rapidly than its constraint or capacity-constraining resource (CCR). Second, favorable variation in processing times does not offset unfavorable variation because time lost at the constraint is lost forever. (This also explains traffic jams that appear out of nowhere during rush hour.) This webinar will explain the Theory of Constraints and also provide attendees with production control methods to reduce inventory and cycle time enormously.

Speaker Name:William A. Levinson
Price : $ 179
Wednesday, July 11, 2018
EST 13:00
Duration : 60 Minutes
Tel: +1-844-216-5230

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Target State: Maryland
Target City : Bethesda
Last Update : Jun 30, 2018
Number of Views: 83
Item  Owner  : Compliance Training Panel
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