Measurement Fails in Business, Part II: Real-World Examples and Solutions
Pro Builder
JANUARY 28, 2022
Following each shift, we updated the steel report, which showed the tonnage of raw material—in the form of 10-ton ingots—that went in the front end and the quantity of rolled I-beam product that came out the back. To balance the material coming in, the gambit was to make deals and trade ingots, mostly on paper, with another mill.
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