Invistics

Monthly Archives: March 2017

Inventory Optimization for Measuring and Test Equipment (M&TE) – Working with the Vendor to Setup a Project

03/29/2017

This is the third in a series of blog posts that documents the journey of a large electric utility in its quest to optimizing its extensive inventory of measuring and test equipment (M&TE).  In the first two posts we talked… more →

Americans Consume over 80% of the World’s Opiods

03/29/2017

According to a new report by CNBC: Americans are in more pain than any other population around the world. At least, that’s the conclusion that can be drawn from one startling number from recent years: Approximately 80 percent of the… more →

The King of Manufacturing Equations

03/28/2017

In queueing theory, Kingman’s formula states that the mean waiting time is given by:       AQT = Average Queue Time. p = Utilization, expressed as decimal Ca2 + Cs2 = arrival and process coefficient of variations. τ =… more →

CDC Key Findings for Opioid Epidemic 1999-2015

03/03/2017

The Center for Disease Control, in it’s most recently updated Data Brief, listed the following as key findings: The age-adjusted rate of drug overdose deaths in the United States in 2015 (16.3 per 100,000) was more than 2.5 times… more →

Kingsman’s Equation and Your Plant’s Utilization

03/02/2017

Our last blog post provided a general summary of Kingsman’s Equation and how it relates to your manufacturing operation. Today we’re going to delve a little deeper into the equation to prove that when it comes to lowering the Average… more →