by Mauvisoft Team | Oct 8, 2020 | Understanding the lead time
The Little’s Law: Average Lead time = Average WIP / Average Delivery Rate WIP (Work in Progress) – a number of items in the system overall or in certain stages (columns on the Kanban board). To use Little’s Law it is important to meet several requirements: items...
by Mauvisoft Team | Oct 8, 2020 | Understanding the lead time
A fat, long tail affects your planning because the simple forecasting equations (such as Little’s Law and the use of regression to the mean) can`t be used with a fat-tailed curve because these equations use the mean value (the arithmetic average), and the concept of...
by Mauvisoft Team | Oct 8, 2020 | Understanding the lead time
Having instrumentation data from your process doesn`t mean you now understand your lead time. Let`s explore how to read a lead time histogram and use this data in the communication with your client. Step 1 – Building the Lead Time Histogram Let`s start with...
by Mauvisoft Team | Sep 25, 2020 | Understanding the lead time
What is lead time and what does it tell you about? How do you calculate it and how can you use it? – Take a look at the answers to the most common questions people experience while learning about lead time with easy, clear and catchy examples. 1. What’s the difference...
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