Manufacturing cycle time is best defined as the
Options:
A. length of the work shift, expressed in minutes per day.
B. time it takes a unit to move from one workstation to the next.
C. time between the start of one unit and the start of the next unit.
D. sum of all the task times to make one unit of a product.
E. time from raw materials receipt to finished product exit.
The Correct Answer Is:
- E. time from raw materials receipt to finished product exit.
Answer Explanation:
Manufacturing cycle time is best defined as the time from raw materials receipt to finished product exit. In order to meet customer demands and compete in the marketplace, manufacturers use manufacturing cycle time as a key metric. Having a shorter cycle time allows a company to produce and deliver products more quickly, resulting in higher sales and customer satisfaction. Furthermore, a shorter cycle time can also reduce costs because raw materials and resources are not idle for long periods of time.
The long manufacturing cycle time can, on the other hand, increase costs and decrease customer satisfaction. An extended cycle time can result in lost sales or customer dissatisfaction if a company cannot meet customer demands on time. Furthermore, a longer cycle time results in a company tying up resources for longer periods of time, which can increase costs and decrease profitability.
A variety of strategies can be implemented by manufacturers to reduce manufacturing cycle times, such as implementing lean manufacturing practices, automating processes, optimising equipment and machinery, and reducing unnecessary steps. The continuous optimization of the manufacturing process can also be achieved through regular monitoring and analysis of the process.
As a whole, manufacturing cycle time is an important metric for manufacturers since it directly impacts their ability to meet customer demand, compete in the marketplace, and increase profitability. Obtaining high-quality products in a timely and efficient manner can be ensured by monitoring and improving this metric.
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I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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