Oakwood Company produces maple bookcases to customer order. The following information is available for the...
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Oakwood Company produces maple bookcases to customer order. The following information is available for the production of a recent order of the bookcases. Process time 6.0 days Inspection time 0.8 days Move time 3.2 days Wait time 5.0 days Required: 1. Compute the companys manufacturing cycle time. 2. Compute the companys manufacturing cycle efficiency. 3. Management believes it can reduce move time by 1.2 days and wait time by 2.8 days by adopting lean manufacturing techniques. Compute the companys manufacturing cycle efficiency assuming the companys predictions are correct.
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