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Fully Paid For. Completely Unfinished.
Description
A component can consume material, labour, energy, machine time and inspection while delivering no finished value because it is still waiting between operations.
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Field Note #008 explores the hidden economics of work in process, the difference between purposeful buffers and concealed problems, and why making one machine faster may simply produce a larger queue more efficiently.
Because the most revealing question beside unfinished work is not “Why isn’t it moving?”
It is:
“Why did we start it before the system was ready to finish it?”
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