Inventory (Type of Waste)

Inventory is product at all stages of the process just standing around. It comprises all material stored in warehouses, on the shopfloor and in other locations. Inventory is waste as it requires process time, space and labor for stocktaking, storing and managing it....

Throughput Time [TPT]

Throughput Time (TPT) is a Lean Metric used to describe the elapsed time from process start to process end (“Ride the material”). The overall Throughput Time is defined by many separate Throughput Times for various process steps. Each step holds...
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