Little's Law States That Throughput = Flow Time × Work-In-Process

question 107

True/False

Little's Law states that Throughput = Flow Time × Work-In-Process.

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Definitions:

Liens

Legal claims against assets that are typically used as collateral to secure loans.

Accounts Receivable

Amounts due from clients to a business for received goods or services that remain unpaid.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Accounts Payable

Liabilities or amounts owed by a business to suppliers or creditors for goods and services received but not yet paid for.