Little’s Law Is Big For Startups – TechCrunch

This post is written by Matt Oguz at TechCrunch and the link to the original article is here. Traffic, traction, growth. We all know that these terms are prerequisites to success. As we launch our startups we hope for initial customer acceptance, which would lead to traffic, traction and growth (TTG). In some cases, we’re …

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The Five Major Flows in Supply Chain

Supply Chain is the management of flows. There are Five major flows in any supply chain : product flow, financial flow, information flow, value flow & risk flow. The product flow includes the movement of goods from a supplier to a customer, as well as any customer returns or service needs. The financial flow consists …

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Process Analysis 101 – Wait Times, Process Times, Little’s Law, Queuing Theory

Let's take the example of a hospital. A patient checks in the hospital and then waits for some time to be examined by the nurses and doctors depending on the criticality of the patient. Or alternatively a patient might have requested to be checked only by a certain specialist doctor. Below is a process flow …

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