Template:Inventory: Difference between revisions

← Older edit

Template:Inventory (view source)

Revision as of 14:44, 3 June 2019

139 bytes added , 3 June 2019

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

82,891

edits

@@ Line 1: / Line 1: @@
-==={{waste|Inventory}}===
+==={{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''': Work in progress. Usually a second-order [[waste]], where there are bottlenecks on your production line and half-processed {{wasteprov|inventory}} stacks up waiting for the next step, meaning the real waste here is {{wasteprov|waiting}}, rather than {{wasteprov|inventory}} ''per se''.
-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.
+But— time is money, as the old saw has it — so the longer the overall negotiation process takes, 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 someone to answer an email — be it the client, trading, risk or credit — it stretches out the production time.