Identify a service or a manufacturing process that you are familiar with, and draw a current state value stream map to depict its existing information and material flows.
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A: K=$180, h=0.40 Week 1 2 3 4 5 6 7 8 9 10 11 Gross req 220 165 180 120 75 300 Net…
Q: What does stream value mapping need to be improved?
A: Value stream mapping is a technique that involves using flowcharts to log each stage of a process.
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Q: Define Value stream mapping (VSM)
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Q: Learn about value stream mapping and how it can help you reduce waste.
A: A value stream is a set of both value-adding and non-value-adding activities that go into creating a…
Q: What does the process of Value Stream Mapping (VSM) serve? How is it to be done?
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Q: What purpose does the Value Stream Mapping (VSM) procedure serve? What is the procedure?
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A: Prior to continuing, it is vital to comprehend the ideas of a traditional operating environment and…
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A: THE ANSWER IS AS FOLLOWS:
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A: Creating small lots (ideally one piece) is an important component of several Lean Manufacturing…
Q: What is the purpose of value stream mapping? How can it be achieved?
A: The purpose of value-stream mapping is identify and remove or reduce "waste" in value streams,…
Q: In the past, most consumer goods were made by individual craftsmen and were produced only when an…
A: Inventory management is nothing but the approach of placing orders, stocking or storing, utilizing…
Q: What is WIP to SWIP report and what is its purpose? {World Class Manufacturing- Lean Management}
A: WIP To SWIP Report WIP to SWIP Report shows the inventory of the product in the cells. SWIP is…
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A: Job shop refers to the production method where small batches of custom products are the resultant…
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Q: inventory turnover
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A: By employing the value design approach, you may create a detailed depiction of each phase in your…
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A: K = No. of Kanban Card d = daily demand = 900 p = processing time = 0.37 day w = wait time = 0.05…
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A: Given Annual demand (D)= 31,200 unitsDaily demand (d) = 120 unitsDaily production (in 8 hours) (p)=…
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A: Given data Annual demand (D) = 30,500 units Daily demand (d) = 100 units Daily production (P) =…
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A: Annual Demand (D) = 125000 Setup Cost (S) = 20 Carrying Cost (H) = 5 Economic Production quantity…
Q: Provide an example of value stream mapping.
A: A lean management tool that helps visualize steps needed to take from product creation to delivering…
Q: Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The…
A: Formula to be used; S = Q2*H*(1-d/P) 2D Where; H Holding cost D Annual demand P…
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Identify a service or a manufacturing process that you are familiar with, and draw a current state value stream map to depict its existing information and material flows.
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- It has been theoretically and empirically generalized that Recency is always the most important factor for classification of customers in RFM analysis. True FalseChobani's equipment runs for 10 hours and must be idle for four hours while being cleaned. Its plants operate day and night, all week long. What are the implications for the company's purchasing, inventory control, scheduling, and quality control functions?Which of the following is not a part of the production plan? Select one: Machinery and equipment Future equipment needs Storage needs of the venture Manufacturing process
- Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): StandardQuantity x StandardPrice = StandardCost Direct materials 3 pounds $4.50 per pound $13.50 Direct labor 2.00 hours 12.00 per hour 24.00 Total cost $37.50 Sitka Industries made 2,900 ladders in July and used 8,500 pounds of material to make these units. Sitka Industries bought 15,400 pounds of material in the current period. There was a $300 unfavorable direct materials price variance. Enter all amounts as positive numbers. A. How much in total did Sitka pay for the 15,400 pounds? B. What is the direct materials quantity variance? C. What is the total direct materials cost variance? D. What if 9,200 pounds were used to make these ladders, what would be the direct materials quantity variance? E. If there was a $340 favorable direct materials price variance, how much did Sitka pay…VGHC, humanitarian aid service in the Sub-Saharan Africa, operates its laboratory on-site. The lab maintains an inventory of test kits for a variety of procedures. VGHC uses 780 A1C kits each year. Ordering costs are $15 and holding costs are $3 per kit per year. The new price list indicates that orders of fewer than 73 kits will cost $60 per kit, 73 through 144 kits will cost $56 per kit, and orders of more than 144 kits will cost $53 per kit. Determine the optimal order quantity and the total cost.The table below provides the parameters for a new current state value stream map for the family of retainers at the Jensen Bearings Inc. firm described in the chapter. This table depicts the value stream after Kline Steel agrees to accept daily orders for steel sheets and also agrees to deliver on a daily basis. Calculate each component of the new value stream's reduced lead time. Jensen Bearings operates 5 days per week. Overall Process Attributes Average demand: 2,600/week (1,600 "L"; 1,000 "S") Batch size: 1,000 Number of shifts per day: 1 Availability: 8 hours per shift with two 30 minute lunch breaks Process Step 1 Press Cycle time=5 seconds Setup time=2 hours Uptime=90% Operators=1 Every Part Every=1 week WIP=1 day of sheets (before Press) Process Step 2 Pierce & Form Cycle time=25 seconds Setup time=30 minutes Uptime=100% Operators=1 WIP=900 "L", 1,150 "S" (before Pierce & Form) Process Step 3…
- Carol Cagle bas a repetitive manufacturing plantproducing trailer bitches in Arlington, Texas. The plant has anaverage inventory tu rnover of only 12 times per year. She hastherefore determined that she will reduce her component lotsizes. She has developed the following data for one component,the safety chain clip:Annual demand = 31,200 unitsDaily demand = 120 unitsDaily production (in 8 hours) = 960 unitsDesired lot size (I hour of production) = 120 unitsHolding cost per unit per year = $12Setup labor cost per hour = $20How many minutes of setup time should she have her plant manageraim for regarding this component?Your firm uses a periodic review system for all SKUS classified, using ABC analysis, as B or C items. Further, it uses a continuous review system for all SKUS classified as A items. The demand for a specific SKU, currently classified as an A item, has been dropping. You have been asked to evaluate the impact of moving the item from continuous review to periodic review. Assume your firm operates 52 weeks per year; the item's current characteristics are: Demand (D) = 15,080 units/year Ordering cost (S) = $125.00/order Holding cost (H) = $3.00/unit/year Lead time (L) = 5 weeks Cycle service level = 95 percent Demand is normally distributed, with a standard deviation of weekly demand of 64 units. -Calculate the item's EOQ. - Use the EOQ to define the parameters of an appropriate continuous review and periodie review system for this item. -Which system requires more safety stock and by how much? -How do you think each system can affect your procurement procedures/methods?Your firm uses a periodic review system for all SKUS classified, using ABC analysis, as B or C items. Further, it uses a continuous review system for all SKUS classified as A items. The demand for a specific SKU, currently classified as an A item, has been dropping. You have been asked to evaluate the impact of moving the item from continuous review to periodic review. Assume your firm operates 52 weeks per year; the item's current characteristics are: Demand (D) = 15,080 units/year Ordering cost (S) = $125.00/order Holding cost (H) = $3.00/unit/year Lead time (L) = 5 weeks Cycle service level = 95 percent Demand is normally distributed, with a standard deviation of weekly demand of 64 units. 1- How do you think each system can affect your procurement procedures/methods?
- DataSpan, Incorporated, automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations. Throughput time (days) Delivery cycle time (days) Manufacturing cycle efficiency (MCE) Percentage of on-time deliveries Total sales (units) 1 2 Month ? ? ? ? ? ? 91% 86% 3,460 3,312 Move time per unit Process time per unit Wait time per order before start of production Queue time per unit Inspection time per unit 3 ? ? ? 82% 3,143 4 Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months: ? ? ? 78% 3,025…In each of the following, name the term defined or answer the question. Answers are listed at the bottom.1. The model was most appropriate for making a one-time purchase of an item.2. The model most appropriate when inventory is replenished only in fixed intervals of time—for example, on the first Monday of each month.3. The model most appropriate when a fixed amount must be purchased each time an order is placed.4. Based on an EOQ-type ordering criterion, what cost must be taken to zero if the desire is to have an order quantity of a single unit?5. The term used to describe demand that can be accurately calculated to meet the need of a production schedule, for examplePaul Williams recently joined XYZ2 Limited as the head of accounting department. Williams spent the first few weeks to analyse the account information system. Based on this analysis, Williams is concerned about the purchase system of XYZ2 Limited. Here is the details of purchase system. The purchasing agent of XYZ2 Limited periodically checks inventory levels from a computer terminal, which is connected to a central accounting system. The agent searches the inventory file for items that need to be ordered. He then selects a supplier, prints a hard copy of the purchase order, and mails it to the vendor. The clerk files one copy of the PO in the department and sends a second copy to the AP Clerk. When the inventories arrive at the receiving department, a receiving clerk reconciles the items with the packing slip, inspects them for condition, and manually prepares a three-part receiving report. The clerk sends one copy to the purchasing department to close out the open PO, files one…