A Note on Managing Process Flows
Ramdas, Kamalini
A Note on Managing Process Flows
OM-1194 | Published August 13, 2005 | 7 pages Technical Note
Collection: Darden School of Business
Product Details
This note focuses on the fundamentals of managing process flows. A process viewpoint is useful when the goal is to manage operational metrics such as capacity, cost, inventory, or responsiveness. The note examines Little's Law, the fundamental relationship among three important metrics: average inventory, average throughput time, and average throughput rate in any system that is in equilibrium.
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