upervisor Tom Choi at Tempe EquipmentCompany is concerned that material is not arriving aspromptly as needed at work cells. A new kanban system hasbeen installed, but there seems to be some delay in getting thematerial moved to the work cells so that the job can beginpromptly. Choi is interested in determining how much delaythere is on the part of his highly paid machinists. Ideally, thedelay would be close to zero. He has asked his assistant todetermine the delay factor among his 10 work cells. The assistant collects the data on a random basis over the next 2 weeksand determines that of the 1,200 observations, 105 were madewhile the operators were waiting for materials. Use a 95% confidence level and a {3% acceptable error. What report does hegive to Choi?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
upervisor Tom Choi at Tempe Equipment
Company is concerned that material is not arriving as
promptly as needed at work cells. A new kanban system has
been installed, but there seems to be some delay in getting the
material moved to the work cells so that the job can begin
promptly. Choi is interested in determining how much delay
there is on the part of his highly paid machinists. Ideally, the
delay would be close to zero. He has asked his assistant to
determine the delay factor among his 10 work cells. The assistant collects the data on a random basis over the next 2 weeks
and determines that of the 1,200 observations, 105 were made
while the operators were waiting for materials. Use a 95% confidence level and a {3% acceptable error. What report does he
give to Choi?
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