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 = Value added time + Non-value added Time Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay. Value added activities: The value added activities are the activities which add to the value of a product. Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product. To Calculate: The time M reached home after visiting the doctor.

Question

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Answer 1

Question

Chapter 27, Problem 27.8EX

a)

To determine

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 = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

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Answer 2

Question

Chapter 27, Problem 27.8EX

a)

To determine

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 = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Expert Solution & Answer

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Answer 3

Question

Chapter 27, Problem 27.8EX

a)

To determine

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 = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Expert Solution & Answer

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Answer 4

Question

Chapter 27, Problem 27.8EX

a)

To determine

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 = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Expert Solution & Answer

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Answer 5

Chapter 27, Problem 27.8EX

a)

To determine

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 = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

b)

To determine

To Calculate: The total non-value added time spent by M.

c)

To determine

To Calculate: The value added ratio (rounded to one place).

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Answer 6

Chapter 27, Problem 27.8EX

a)

To determine

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 = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

Answer 7

Chapter 27, Problem 27.8EX

a)

To determine

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 = Value added time + Non-value added Time

Value: Value refers to the additional element provided in the product which caters to the need of the customer and for which the customer is willing to pay.

Value added activities: The value added activities are the activities which add to the value of a product.

Non-value added activities: The non value added activities are the activities which a customer may think unnecessary and tend to reduce the value of a product.

To Calculate: The time M reached home after visiting the doctor.

Answer 8

b)

To determine

To Calculate: The total non-value added time spent by M.

Answer 9

b)

To determine

To Calculate: The total non-value added time spent by M.

Answer 10

c)

To determine

To Calculate: The value added ratio (rounded to one place).

Answer 11

c)

To determine

To Calculate: The value added ratio (rounded to one place).

Answer 12

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Answer 13

d)

To determine

To Explain: The reasons the doctors requiring the long wait of the patients.

Answer 14

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Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 27 - Prob. 1DQ Ch. 27 - Prob. 2DQ Ch. 27 - Why is a product-oriented layout preferred by lean...Ch. 27 - Prob. 4DQ Ch. 27 - Prob. 5DQ Ch. 27 - Why would a lean manufacturer strive to produce...Ch. 27 - Prob. 7DQ Ch. 27 - Prob. 8DQ Ch. 27 - Prob. 9DQ Ch. 27 - Why is the direct labor cost category eliminated...

Solution Summary: The author calculates the time at which M reaches home after visiting the doctor.

Concept explainers

To Calculate: The total non-value added time spent by M.

To Calculate: The value added ratio (rounded to one place).

To Explain: The reasons the doctors requiring the long wait of the patients.

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Chapter 27 Solutions