Wolk Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional standards are inappropriate for performance measures in an automated environment. Labor for this company is insignificant in terms of the total cost of production and tends to be fixed, material quality is considered more important than minimizing material cost, and customer satisfaction is the number one priority. As a result, delivery performance measures have been chosen to evaluate performance. The following information is considered typical of the time involved to complete customer orders.
From time order is placed to time order received by manufacturing | 16.0 | days |
From time order is received by manufacturing to time production begins | 8.0 | days |
Inspection time | 3.0 | days |
Process (manufacturing) time | 6.0 | days |
Move time | 4.0 | days |
What is the production (manufacturing) lead time for this order?
Production lead time = from the time order is placed + from the time order is received + process time
= 16+8+6
= 30 days
Wolk Corporation is a highly automated manufacturing firm. The vice president of finance has decided that...
Wolk Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional standards are inappropriate for performance measu this company is insignificant in terms of the total cost of production and tends to be foed, material quality is considered more important than minimizing material cost and priority. As a result, delivery performance measures have been chosen to evaluate performance. The following information is considered typical of the time involved to con From time order is...
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DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations Month 4 Throughput time (days) Delivery cycle time (days)...
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DataSpan, Inc, automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Month 2 3 4 Throughput time (days) Delivery cycle...
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Problem 10-14 Measures of Internal Business Process Performance [LO10-3] DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations....
Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory In an effort to evaluate performance and determine where improvements can be made, management has gathered the following data relating to activities over the last four months Month Quality control measures: Number of defects...
Please help with requirements above. Thank you! DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Month 2...