Template:Inventory: Difference between revisions
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==={{ | ==={{wasteprov|Inventory}}=== | ||
'''Headline''': Usually a second-order [[waste]], where there are bottlenecks on your production line and half-processed inventory stacks up waiting for the next step, meaing the real waste here is {{wasteprov|waiting}}. But time is money, so the longer the overall negoation process, the more expensive the {{wasteprov|inventory}}. | '''Headline''': Usually a second-order [[waste]], where there are bottlenecks on your production line and half-processed inventory stacks up waiting for the next step, meaing the real waste here is {{wasteprov|waiting}}. But time is money, so the longer the overall negoation process, the more expensive the {{wasteprov|inventory}}. | ||
In the context of contract {{tag|negotiation}}, inventory is coterminous with {{wasteprov|waiting}} — not being a [[bearer instrument]], a legal {{tag|contract}} has no intrinsic value even when completed — it is what you do ''with'' it that creates the risk and reward — so having a hopper overflowing with half-completed [[credit support annex|credit support annexes]] does not of itself represent a large waste. But the fact that they are stacked up waiting for an answer for someone or other, be it the client, trading, risk stretches out the production time. | In the context of contract {{tag|negotiation}}, inventory is coterminous with {{wasteprov|waiting}} — not being a [[bearer instrument]], a legal {{tag|contract}} has no intrinsic value even when completed — it is what you do ''with'' it that creates the risk and reward — so having a hopper overflowing with half-completed [[credit support annex|credit support annexes]] does not of itself represent a large waste. But the fact that they are stacked up waiting for an answer for someone or other, be it the client, trading, risk stretches out the production time. | ||
Revision as of 14:34, 3 June 2019
Inventory
Headline: Usually a second-order waste, where there are bottlenecks on your production line and half-processed inventory stacks up waiting for the next step, meaing the real waste here is waiting. But time is money, so the longer the overall negoation process, the more expensive the inventory.
In the context of contract negotiation, inventory is coterminous with waiting — not being a bearer instrument, a legal contract has no intrinsic value even when completed — it is what you do with it that creates the risk and reward — so having a hopper overflowing with half-completed credit support annexes does not of itself represent a large waste. But the fact that they are stacked up waiting for an answer for someone or other, be it the client, trading, risk stretches out the production time.