Question

What is the mathematical relationship between time and units in a process?

Short answer

Answer

Inventory, often known as stock, pertains to the items as well as supplies that a company keeps for resale, manufacturing, as well as use.

Step-by-step solution

 Inventory

Inventory pertains to all the products, commodities, and commerce, including materials held by a company to resell in the markets for revenue.

Flow time

The average amount of time it takes a unit to complete a procedure. A flow time is the duration of time a flowing unit spends in a commercial operation from start to finish is known as flow time.

Throughput rate

The expected output level of the procedure for a certain period. The rate at which a business manufactures as well as produces its goods, as well as offerings, is known as the throughput rate.

The mathematical relationship between time and units in a process

Themathematical formula is given below:

$\mathrm{Inventory}=\mathrm{Throughput}\mathrm{rate}\times \mathrm{Flow}\mathrm{time}$

$\mathrm{Inventory}=\mathrm{Throughput}\mathrm{rate}\times \mathrm{Flow}\mathrm{time}$