Reducing raw material inventory will reduce the operating cycle Select one: True False
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Reducing raw material inventory will reduce the operating cycle
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- XOX Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order Wait time 15. 6 Inspection time 0.8 Process time 1.6 Move time 0.7 Queue time 3. 9 1. Percentage of manufacturing cycle time spent on non-value-added activities 2. Compute the delivery cycle time in daysCalculate the total number of machine-hours needed to produce enough units to meet the sales demand for the two products. Total number of machine hours Marwick Innovations, Inc. produces exercise and fitness gear. Two of its newer products require a finishing process that can only be completed on machines that were recently purchased for this purpose. The machines have a maximum capacity of 10,500 machine hours, and no other products that the company makes use these machines.Sarah Jacob, the company’s operations manager, is preparing the production schedule for the coming month and can’t seem to find enough machine time to produce enough units to meet the customer demand that the marketing department has included in the sales budget.Michael Stoner, the company’s controller, has gathered the following information about the two products: DumbbellRack WeightBench Selling price per unit $50 $60 Direct materials 20 12 Direct labor…Which of the following items would be considered a resource in the operations of amovie theater?a. Popcornb. Projectorc. Printer inkd. Soda
- Which is a viable strategy to manage an intermittent flow system better? Develop a planning methodology without estimating the available capacity Cut down the variety of offerings thereby gaining better control on operations Redesign the operating system by creating sub-systems Increase the volume of all offeringsMack’s guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that begin production each month, only 80 percent are considered good enough to sell. The other 20 percent are scrapped due to quality problems that are identified after they have completed the production process. Each guitar sells for $300. Because some of the production process is automated, each guitar only requires 10 labor hours. Labor is paid at $10/hour, materials cost is $40/guitar, and overhead is $2,000. a) Calculate the labor and multifactor productivities. b) After some study, the operations manager recommends 3 options to improve the company’s multifactor productivity: (1) increase the sales price by 10 percent, (2) improve quality so that only 10 percent are defective, or (3) reduce labor, material, and overhead costs by 10 percent. Which option has the greatest impact on the multifactor productivity measure?A 30,000-seat college football stadium is used 18 times for games, concerts, andgraduation ceremonies. Each event averages four hours and assumes the stadium isfull for each event.The stadium is available 365 days a year from 6 am to midnight. What is stadium(seat) utilization?Can you think of one or two other assets that have such low resource utilization?
- A 25,000-seat college football stadium is used 20 times for games. Each event averages four hours and assumes the stadium is at 80% capacity for each event. The stadium is available 365 days a year from 8 a.m. to midnight. Use Equation 11.1: Utilization (U) = Resources Used/Resources Available Perform calculations. Provide calculations used and numerical response to #1. Provide detailed response for #2 (min one good paragraph.) What is the seat utilization? (Be careful here, this is total seat utilization. Be cautious when determining availability. Be specific.) As an operations manager, what could you do to improve seat utilization?Given the following information, compute the efficiency and the utilization of the vehiclerepair department:Design capacity = 50 trucks per dayEffective capacity = 40 trucks per dayActual output = 36 trucks per daySolve the problem and indicate your answer.Department A can produce parts at a rate of 50/day. Department B uses thoseparts are the rate of 10/day. Each day unused parts are added to inventory. Atwhat rate does the inventory of unused parts build up?
- In order to produce 1000 units of X in a week units X is scheduled weekly for Operation B (due to 5% scrap ratio) units X is scheduled weekly for Operation A (due to 2% scrap ratio) Based on your answer in part a, find the number of machines required to produce 1000 units of X per week. The total time required to perform Operation B = minutes per week The total time required to perform Operation A = minutes per week H= Available Time in a week = minutes /week Thus FA = . FB = . Since both of the operations A and B are performed on the same machine machines are requiredXOX Corporation's management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded per order Wait time 15.6 Inspection time 0.8 Process time 1.6 Move time 0.7 Queue time 3.9 Compute the delivery cycle time in days. Percentage of manufacturing cycle time spent on non-value-added activities.Jason Carter works for a producer of soaps that come inpackages of 6 each. His job is to fi ll the packages with soap, andhe is expected to process 30 packages an hour. Th e facility whereJason works uses a kanban production system in which eachcontainer holds 5 packages of soap. It takes 20 minutes to receivethe packages he needs from the previous workstation. How manykanbans are needed for the fi lling process?