by Lea Strickland | Mar 16, 2011 | Glossary
Determine the appropriate levels for the Customer-Tolerance -Time and Product -Lead-time buffers; if the CTT is longer than the PLT then finished goods inventories held should be nonexistent (or at lest minimal); if CTT is zero, then sufficient finished goods should...
by Lea Strickland | Mar 16, 2011 | Glossary
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...
