Compute Lead Time Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. Parts are produced in batch sizes of 90 parts. A part requires 5 minutes in milling and 9 minutes in finishing. The move time between the two operations for a complete batch is 10 minutes. Under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size is reduced to 5 parts and the move time is eliminated. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round percentages to one decimal place. Traditional Philosophy Lean Manufacturing Philosophy Value-added time 14 min 14 V min Non-value-added time 1,246 x min 46 x min Total lead time 1,260 X min 70 V min Value-added ratio (as a percent) 1.1 20
Compute Lead Time Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. Parts are produced in batch sizes of 90 parts. A part requires 5 minutes in milling and 9 minutes in finishing. The move time between the two operations for a complete batch is 10 minutes. Under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size is reduced to 5 parts and the move time is eliminated. Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round percentages to one decimal place. Traditional Philosophy Lean Manufacturing Philosophy Value-added time 14 min 14 V min Non-value-added time 1,246 x min 46 x min Total lead time 1,260 X min 70 V min Value-added ratio (as a percent) 1.1 20
Chapter1: Financial Statements And Business Decisions
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![Compute Lead Time
Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes:
milling and finishing. Parts are produced in batch sizes of 90 parts. A part requires 5 minutes in milling and 9 minutes in finishing. The move time between the two
operations for a complete batch is 10 minutes.
Under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size
is reduced to 5 parts and the move time is eliminated.
Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round
percentages to one decimal place.
Traditional Philosophy Lean Manufacturing Philosophy
Value-added time
14
V min
14
V min
Non-value-added time
1,246 X min
46 x min
Total lead time
1,260 X min
70
V min
Value-added ratio (as a percent)
1.1 v %
20 V %](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ac4bacb-9b6a-4a86-832a-caf8434155d9%2F5dd45b5b-3841-47cd-9b3f-9ad016bd8d59%2Fw7krtm6_processed.png&w=3840&q=75)
Transcribed Image Text:Compute Lead Time
Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes:
milling and finishing. Parts are produced in batch sizes of 90 parts. A part requires 5 minutes in milling and 9 minutes in finishing. The move time between the two
operations for a complete batch is 10 minutes.
Under the lean philosophy, the part is produced in a cell that includes both the milling and finishing operations. The operating time is unchanged; however, the batch size
is reduced to 5 parts and the move time is eliminated.
Determine the value-added, non-value-added, and total lead times, and the value-added ratio under the traditional and lean manufacturing methods. If required, round
percentages to one decimal place.
Traditional Philosophy Lean Manufacturing Philosophy
Value-added time
14
V min
14
V min
Non-value-added time
1,246 X min
46 x min
Total lead time
1,260 X min
70
V min
Value-added ratio (as a percent)
1.1 v %
20 V %
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