Operations Management and Student CD
Operations Management and Student CD
11th Edition
ISBN: 9780133408010
Author: HEIZER, Jay, RENDER, Barry
Publisher: Prentice Hall
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Chapter 5, Problem 5DQ
Summary Introduction

To determine: Explanation of time-based competition.

Introduction: Time is very important resource in business which ensures reliability and credibility of an organization to its customers. Time based competition is increasingly practiced in organization to ensure timely delivery of products to its customers.

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What Is process planning?
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Waymouth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a variety of electronics products and components to consumer goods manufacturers around the world. Cycle time is a critical success factor for Waymouth, which has developed a number of measures of manufacturing speed. Waymouth has studied the matter and found that competitive contract manufacturers have manufacturing cycle times (MCE) of about 40%. When last calculated, Waymouth’s MCE was 35%.   Key measures from the recent month’s production, averaged over all the jobs during that period, are as follows:   Activity Average Time (hours) New product development   30   Materials handling   2   Order setup   6   Machine maintenance   3   Order scheduling   1   Inspection of completed order   5   Pack and move to storage or ship   2   Manufacturing assembly   24   Order taking and checking   3   Receiving and stocking raw materials   6   Inspection of raw…
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