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Problem 4: Ramirez Inc.'s management keeps track of the time it takes to process orders. During the most recent month, the following average times
Problem 4: Ramirez Inc.'s management keeps track of the time it takes to process orders. During the most recent month, the following average times were recorded Wait time Inspection time Process time Move time Queue time Required: 12.2 days per order .6 days per order 2.8 days per order 8 days per order 3.9 days per order a. Compute the throughput time. b. Compute the manufacturing cycle efficiency (MCE). c. What percentage of the production time is spent in non-value-added activities? d. Compute the delivery cycle time. e. Ramirez Inc. uses a balanced scorecard to evaluate its performance in which measures are determined in the following four areas: financial, customer, internal business processes, and learning and growth. In which area would the measures computed above be reported?
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