Oakwood Company produces maple bookcases. The following information is available for the production of a...
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Oakwood Company produces maple bookcases. The following information is available for the production of a recent order of 500 bookcases. Process time Inspection time Move time Wait time 6.0 days 0.8 days 3.2 days 5.0 days 1. Compute the company's manufacturing cycle time. 2. Compute the company's manufacturing cycle efficiency. 3. Management believes it can reduce move time by 1.2 days and wait time by 2.8 days by adopting lean manufacturing techniques Compute the company's cycle efficiency assuming the company's predictions are correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Management believes it can reduce move time by 1.2 days and wait time by 2.8 days by adopting lean manufacturing techniques. Compute the company's cycle efficiency assuming the company's predictions are correct. (Round your answers to 1 decimal place.) Manufacturing Cycle Efficiency Choose Denominator: Choose Numerator: 1 Manufacturing cycle efficiency Manufacturing cycle efficiency 0
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