Oakwood Company produces maple bookcases to customer order. It received an order from a customer to produce 5,000 bookcases. The following information is available for the production of the bookcases.
Process time . . . . . . . . . . 6.0 days
Inspection time . . . . . . . . 0.8 days
Move time . . . . . . . . . . . . 3.2 days
Wait time . . . . . . . . . . . . 5.0 days
Required:
1. Compute the company's manufacturing cycle time.
2. Compute the company's manufacturing cycle efficiency. Interpret your answer. Analysis Component:
3. Assume that Oakwood wishes to increase its manufacturing cycle efficiency to 0.75. What are some ways that it can accomplish this?