Littles Law Definition and Explanation PDF | Download eBooks
Learn Littles Law definition in supply chain management with explanation to study “What is Littles Law”. Study littles law explanation with SCM terms to review supply chain management course for online MBA programs.
Littles Law Definition:
Mathematical relationship between throughput time, work-in-process and cycle time (throughput time equals work-in-process x cycle time).
Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston
Littles Law Explanation:
Little's law was named after the American John Little (1950s). It characterizes the connection between the stock, the stream rate and the stream time. Little's law is significant, on the grounds that it can enable us to compute one of the three factors. When two of the factors are known, the third one is set by the law. This likewise implies, structure the angle of an official, two factors can be picked by the board while the third one at that point becomes all-good. Little's law: inventory (I) = Flow Rate (R) * Flow Time (T)
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