JIT Systems' Manufacturing Efficiency Ratio

question 35

Essay

JIT systems' manufacturing efficiency ratio
Methodical Corporation is considering the implementation of a JIT inventory system.The company recently analyzed its cycle time to determine the average number of days spent in each activity of its production process.A summary of the analysis is shown below: (a)Methodical's value-added production activities include: ________
(b)Methodical's total cycle time is ________ days.
(c)Methodical's manufacturing efficiency ratio is ________%.
(d)Which activities might be reduced or eliminated should Methodical implement a JIT system?

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Definitions:

Economic Interest Groups

Organizations that represent the economic interests of their members in political processes, aiming to influence public policy.

Social Interest Groups

Organizations that advocate for the collective interests and ideals of specific social groups, often influencing public policy and opinion.

Private Sector Union

A Private Sector Union represents the interests of employees working in industries and businesses that are not owned or operated by the government.

Membership Declined

A decrease in the number of members belonging to a specific group or organization.