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The picture below shows how the OM Triangle can be derived from the Waiting Time formula (where in this case the Inventory is shown on the y-axis, which is similar to the Waiting Time, as we know from Little’s Law that I = RT, so I -T). 10 Inventory Inventory waiting to be processed variability High-variability 4 2 Capacity -Moderate Low-variability 0 Inførmation 0% Higher utilization, a 100% Higher capacity Let’s say that your process is currently positioned somewhere on the triangle (doesn’t matter exactly where), and you have just received a great deal on new machines which are much cheaper than the ones you are currently using (and are in need of replacement). If you were to re-position your process on the triangle accordingly, then in which direction would you move? Down (and perhaps to the right as well) Left (and perhaps down a bit as well) Could be in any direction, it depends on where you were to begin with Left (and perhaps up a bit as well) >> Question 9 1 pt The picture below shows how the OM Triangle can be derived from the Waiting Time formula (where in this case the Inventory is shown on the y-axis, which is similar to the Waiting Time, as we know from Little’s Law that I – RT, so I – T). 10, Inventory 8 6 Inventory waiting to be processed variability -High-variability 4 Capacity -Moderate Low-variability Information 0% Higher utilization, u — Higher capacity 100% Let’s say that your process is currently positioned somewhere on the triangle (doesn’t matter exactly where), and you have just purchased a wonderful IT system with lots of data that gives you far more insights into when demand arrives and how long it takes you to satisfy this demand. If you were to re-position your process on the triangle accordingly, then in which direction would you move? Up Could be in any direction, it depends on where you were to begin with O Down Left