The law of velocity
In order to understand the concepts behind the law of velocity you are going to need to understand where it comes from. The law of velocity is one of the five laws of lean six sigma. Lean Six Sigma is a manufacturing approach that you can use in your manufacturing plant to increase speed while at the same time reduce waste. Lean Six Sigma accomplishes these goals by combining lean manufacturing with six sigma manufacturing.
Six Sigma is a method used to provide businesses with the tools necessary to increase their performance and customer satisfaction. Six Sigma has the end goal of increasing your company's profits by identifying and eliminating factors that are leading to waste and customer unhappiness. While lean manufacturing focuses on the end goal of eliminating waste. Therefore, Lean Six Sigma works by focusing on improving the process flow and speed rather than on improving quality by combining the laws of six sigma with the laws of lean manufacturing. Combining these laws has given Lean Six Sigma five new laws that make the process successful.
The fourth law is the law of velocity. Here are some things that you will want to know about the law of velocity in relation to Six Sigma.
Number one: Make-up
The law of velocity is also referred to as Little's Law. In manufacturing and Six Sigma the law of velocity is an equation that is used for relating Lead Time, Work in Progress, and the Average Completion Rate for a particular process. The equation that is used for the law of velocity is Lead Time = Work in Progress (measured in units) / Average Completion Rate (measured in the units you complete per time). The objective of the law of velocity is to reduce your work in progress while still maintaining the same average completion rate. To do this successful your lead-time is also going to need to be reduced. Which according to the law of velocity if you increase your average completion rate while maintaining the same work in progress you will also reduce your lead-time.
Number two: Benefits you
In order to understand the law of velocity you will need to understand how it is going to benefit you in your manufacturing process. In your manufacturing process, the law of velocity is going to help you determine how many projects you can complete in a creation amount of time. For example, if your manufacturing plant can fill 10 orders a day you can use the law of velocity to figure out how many orders you have to fill. If you fill 10 orders a day, this would be considered your average completion rate. You would then need to determine how many orders you have left to fill for a specific customers, which let's say it is 50. You would then take the amount of work that is still in progress, your 50 orders and divide it by the average completion rate, which are 10 a day, to get you the quote of 5 a day.
Number three: Using the law of velocity
How you actually put the law of velocity to work for your manufacturing plant is going to depend on how you want your manufacturing plant to be run. To make sure that you use it appropriately you will want to do some more research on how you can effectively use the laws of velocity, such as looking for tips that you can apply to the laws of velocity in Six Sigma. This is important because it will allow you to understand the law of velocity and how it applies to Six Sigma. This will help you know how it can be used to help you the best.