Hammond Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The average setup time has been 135 minutes, consisting of the following steps:StepTime (in minutes)Turn off machine and remove fixture from lathe13Go to tool room with fixture15Record replacement of fixture to tool room18Return to lathe20Clean lathe17Return to tool room20Record withdrawal of new fixture from tool room12Return to lathe15Install new fixture and turn on machine8Total setup time138 Why should management be concerned about improving setup time? What do you recommend to Hammond Inc. for improving setup time? How much time would be required for a setup, using your suggestion in (b)?

Setup time is the amount of time required to configure a machine so that it is prepared to handle a…

Answered: Why should management be concerned…

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Hammond Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The average setup time has been 135 minutes, consisting of the following steps:

Step	Time (in minutes)
Turn off machine and remove fixture from lathe	13
Go to tool room with fixture	15
Record replacement of fixture to tool room	18
Return to lathe	20
Clean lathe	17
Return to tool room	20
Record withdrawal of new fixture from tool room	12
Return to lathe	15
Install new fixture and turn on machine	8
Total setup time	138