Suggest how management can utilize variance analysis in

Question

Discussion 1

• Suggest how management can use the real-time variance data analysis to improve operations.
• Evaluate the potential risk that management may encounter by relying on the real-time data, without further investigation.

Discussion 2

• Suggest how management can utilize variance analysis in improving the efficiency of activities during the manufacturing process.
• Create a plan to address efficiency variances at the batch level during the manufacturing process.