In addition to raw paper there is another inventory in the working capital print production flow where constraints present themselves: WIP—Work-in-Process.
Beyond production flow there are two additional working capital inventories: FIG—Finished Goods and A/R—Accounts Receivable.
Supply-chain management helps minimize inventories of paper and other outside materials for jobs. But once the job hits the plant floor, internal controls and systems such as TOC and JIT must apply to accelerate the flow of the working capital assets of WIP, FIG and A/R. (Whew, what an alphabet soup!) It's all a matter of concentration on the rate of throughput speed of those internal inventories—WIP, FIG and A/R. The search is on for flow impediments—constraints—in order to identify and minimize those drags on the velocity of working capital.
- Places:
- Hershey