1 Pan Dai Corporation is considering implementation of a JII (just-in-time) inventory system. The company's engineer recently conducted a study to determine the average number of days spent in each activity of the production process. The following information summarizes her findings: Production Activity Inspecting materials-4 days Storing materials- 20 days Moving materials into production-4 days Setting up production equipment- 4 days Cutting materials- 6 days Blending materials- 5 days Assembling finished products -9 days Painting finished products -5 days Required: a) Compute the total cycle time and determine the manufacturing cycle efficiency of Pan Dai Corporation. (5 marks) b) Assess the above activities that might be reduced or eliminated if Pan Dai Corporation implemented a just-in-time system. Analyse the reasons to support your answer. (5 marks) c) Evaluate how would Pan Dai Corporation describe the "ideal supplier" if the company adopts the just-in- time system. (10 marks)