Little's Law states: WIP = Throughput × Lead Time. Given any two variables, solve for the third. Essential for understanding the relationship between inventory, flow rate, and lead time.
Solve for:
How does the result change as you vary the inputs?
To reduce lead time: reduce WIP or increase throughput rate.
To increase throughput: reduce WIP or reduce lead time.
Practical use: If you cap your WIP (a kanban limit), Little's Law tells you exactly what lead time to promise customers at your current throughput rate.