M132 - Goldratt's 'Inventory Curve'
In this unit, we explore Dr Eliyahu M. Goldratt's bath-tub shaped 'Inventory Curve' and it's characteristics. Dr Goldratt discusses the inventory curve in 'Standing on the shoulders of giants' and explains that at the two extremes of 'too little time' and too much time' chaos in the plant is likely to be the result. But between the two extremes of the curve is a long plateau where the plant can exist in a state of relative calm.
What you should do
- Read the learning objectives carefully.
- Watch the video below and make your own notes.
- Review the Unit Notes.
- Refer back to the learning objectives to ensure you have satisfied each one.
- Complete the assignment.
What you should know
At the end of this lesson you should understand:
- Dr Goldratt's Inventory Curve and its characteristics
- The implications of the Inventory Curve