Question: | In a Lean Manufacturing environment, a production line processes 2 , 0 0 0 items daily. If the defect rate is 5 % ,
In a Lean Manufacturing environment, a production line processes items daily. If the defect rate is how many defects should be expected? Additionally, if the cost to rectify each defect is $ and the process improvement initiative aims to reduce the defect rate to calculate the expected daily cost savings from this improvement. Also, if the process improvement initiative costs $ to implement, how many days will it take for the savings to offset the implementation cost? Show Work
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