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Exercise 12-3(Algo) Measures of Internal Business Process Performance [L012-3] Management of Mittel Company wants...

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Accounting

Exercise 12-3(Algo) Measures of Internal Business Process Performance [L012-3]
Management of Mittel Company wants to reduce the elapsed time from when a customer places an order to when it is shipped. It provided the following data for a recent quarter:
\table[[Inspection time,0.4 day],[Wait time (from order to start of production),16.5 days],[Process time,3.1 days],[Move time,0.6 day],[Queue time,4.5 days]]
Required:
Compute the throughput time.
Note: Round your answer to 1 decimal place.
2. Compute the manufacturing cycle efficiency (MCE) for the quarter.
Note: Round your percentage answer to nearest whole percent.
3. What percentage of the throughput time was spent in non-value-added activities?
Note: Round your percentage answer to nearest whole percent.
4. Compute the delivery cycle time.
Note: Round your intermediate calculations and final answer to 1 decimal place.
5. If using Lean Production eliminates all queue time, what will be the new MCE?
Note: Do not round intermediate calculations. Round your percentage answer to 1 decimal place.
\table[[1. Throughput time,,days],[2. Manufacturing cycle efficiency,,%
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