Measures the deviation in the system from doing things we should not do but did; calculated by: identifying the dollars of inventory (raw materials, purchased parts, finished goods, etc.) outstanding by category times the number of days until the unit can be converted to throughput and summing across the categories.
Recent Articles and Podcasts
- The Inverse Relationship Between Logical Decision-Making, Stress, and Business Performance
- 49 States and California: Regulatory Landscape Challenges
- Lessons in Business Success and Transformation from Les Misérables
- Knock, Knock. Who’s There? Government Agents and Auditors
- Behind the Endorsement or Referral: The Rest of the Story
- What Game Is Your Business Playing?
- What Treasure Island Can Teach Us About Business
- Leadership Development Lessons from Counselor Troi’s Promotion Test on Star Trek: The Next Generation
- The Curse of Oak Island Leadership Lessons
- When Popularity Outweighs Competence: The Real Cost of Biased Promotions