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Since Alex didn’t know what his true goal was, the local performance measurements that he was using to gauge “efficiency” and “productivity” were not really telling him anything, since his metrics were not created with his goal in mind.
One example of this is where Alex talks about how the robotics improved productivity within one department by 36%, but after discussing this with Jonah, discovered that he really didn’t make any kind of overall productivity improvements (in terms of inventory reduction, number of products shipped, more revenue, etc.) at all.
What are the symptoms/problems that Alex is experiencing? Divide these into two categories – 1) Root Causes, and 2) Results of Root Causes...
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Common topics in this essay:
- inventory management
- Competency Inventory
- Inventory Management
- Inventory Valuation
- inventory models
- Just in time inventory
- Retail Inventory
- The Goal - Chapters 01-11
- The demand for money is purely a transactionary demand
- Interest Inventory
- Inventory of the lost
- Inventory
- Retail Inventory
- Demand Management: Integrating Demand and Supply in Real Time
- Inventory Policy
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