Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate lead time williams optical inc. is consi

Calculate Lead Time Williams Optical Inc. is considering a new lean product cell. The present...

60.1K

Verified Solution

Question

Accounting

image
Calculate Lead Time Williams Optical Inc. is considering a new lean product cell. The present manufacturing approach produces a product in four separate steps. The production batch sizes are 79 units. The process time for each step is as follows: Process Step 1 8 minutes Process Step 2 5 minutes Process Step 3 6 minutes Process Step 4 4 minutes The time required to move each batch between steps is 15 minutes. In addition, the time to move raw materials to Process Step 1 is also 15 minutes, and the time to move completed units from Process Step 4 to finished goods inventory is 15 minutes. The new lean layout will allow the company to reduce the batch sizes from 79 units to 5 units. The time required to move each batch between steps and the inventory locations will be reduced to 3 minutes. The processing time in each step will stay the same. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the present and proposed production approaches. If required, round percentages to one decimal place. Present Approach Proposed Approach min Value-added time Non-value-added time Total lead time Value-added ratio (as a percent) min min min min

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students