Flom corporation is considering the implementation of a JIT inventory system. The company recently analyzed the cycle time to determine the number of days spent in each activity of its production process. A summery of the analysis:
Production activity
- Recieving materials 3 days
- inspecting materials 3 days
- storing materials 10 days
- moving materials into production 3 days
- setting up production equipment 4 days
- cutting materials 3 days
- assembling materials 5
- painting finished product 2
- packaging finished products 1
Flom's total manufacturing cycle time is ?? days.
Flom's Manufacturing efficiency ratio is ?? %
If Flom were to eliminate receiving materials, inspecting materials and storing materials from its cycle, the total manufacturing cycle would be ?? days and its manufacturing efficiency ratio would become %??