(a)
Interpretation: Number of days of raw material B’s plant has is to be determined.
Concept Introduction:
The raw material which is important for the B’s plant is the steel sheets.
(b)
Interpretation: Number of days of work-in-process inventory is held between Press and Pierce and form is to be calculated.
Concept Introduction:
The work-in-progress refers to the ongoing process and waiting for completion. It is an important term used in production and
(c)
Interpretation: Number of days of work-in-process inventory is held between Pierce and form and Finish Grind is to be calculated.
Concept Introduction:
The work-in-progress refers to the ongoing process and waiting for completion. It is an important term used in production and supply chain management.
(d)
Interpretation: Number of days of work-in-process inventory is held between Finish Grind and Shipping.
Concept Introduction:
The work-in-progress refers to the ongoing process and waiting for completion. It is an important term used in production and supply chain management.
(e)
Interpretation:
Lead time of new value stream’s production.
Concept Introduction:
Lead time refers to as the latency between beginning and completion of a process.
(f)
Interpretation:
Process time of the new value stream
Concept Introduction:
Processing time is nothing but the sum of each process cycle time.
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