George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has
Question:
George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year. He has the following data representing a month from last year and an equivalent month this year:
LAST YEAR NOW Units produced 1,000 1,000 Labor (hours) 300 275 Resin (pounds) 50 45 Capital invested ($) 10,000 11,000 Energy (BTU) 3,000 2,850 Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison.
Step by Step Answer:
Operations Management Sustainability And Supply Chain Management
ISBN: 9781292295039
13th Global Edition
Authors: Jay Heizer, Barry Render, Chuck Munson