Process design and analysis

4 important questions on Process design and analysis

What is process velocity (throughput ratio)?

The ratio of the value-added time to the flow time

What is the total average value of inventory?

The total average investment in raw material, work-in-process, and finished goods inventory

What are the reasons that work measurements are fundamental for setting time standards for a job?

  1. To schedule work and allocate capacity
  2. To provide and objective basis for motivating the workforce and measuring workers' performance
  3. To bid for new contracts and to evaluate performance on existing ones
  4. To provide benchmarks for improvement
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What are some options for reducing the flow time of a process that do not require the purchase of new equipment?

  1. Perform activities in parallel
  2. Change the sequence of activities
  3. Reduce interruptions

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