
Concept explainers
a)
Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.
Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.
Lead Time = Wait time + Process time + Queue time + Move time + Inspection Time
To Explain: The reasons for the management to improve setup time.
b)
To Explain: The various ways through which the management could improve setup time.
c)
To Calculate: The time required for setup.

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Chapter 12 Solutions
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