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add hourly rate explainer
(fix dollar -> euro as the unit of money) |
(add hourly rate explainer) |
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* Example: If $100,000 worth of products sits in warehouse for 30 days, this creates 3,000,000 inventory-euro-days | * Example: If $100,000 worth of products sits in warehouse for 30 days, this creates 3,000,000 inventory-euro-days | ||
* Lower IDD indicates higher effectiveness. The ultimate goal would be 0 IDD. | * Lower IDD indicates higher effectiveness. The ultimate goal would be 0 IDD. | ||
Because almost all of our work is being done by people on laptops, we calculate the inventory based on the hours invested into a project, times an hourly rate. The hourly is set in advance and can vary per person. The primary determinant of your hourly rate is your experience level, as we generally expect a senior engineer to be more productive than a junior engineer. | |||
==Reliability== | ==Reliability== | ||