The Gantry Company Collected the Following Information (In Days) for November

question 143

Essay

The Gantry Company collected the following information (in days) for November and December:
$$\begin{array} { | l | r | r | } \hline & \text { November } & \text { December } \\\hline \text { Transporting product } & 2.0 & 3.0 \\\hline \text { Processing product } & 6.0 & 7.0 \\\hline \text { Inspecting product } & 1.0 & 0.8 \\\hline \text { Storing product } & 2.0 & 3.0 \\\hline\end{array}$$
Required:
a. Calculate the manufacturing cycle efficiency for November and December.
b. Assume January's processing time will be the same as December. If Gantry's target for manufacturing cycle efficiency is 65%, what will be January's target for non-processing times?

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Definitions:

Social Media

Online media where users submit comments, photos, and videos—often accompanied by a feedback process to identify “popular” topics.

Usual Focus Groups

Typical gatherings of people who are interviewed about their opinions towards a product, service, concept, or idea.

Representative Group

A collection of individuals selected to reflect the characteristics of a larger population.

Jury Of Executive Opinion

A forecasting method where a group of senior management executives provide inputs and estimates to predict future trends or outcomes.