Question: Problem 2 - Internal Business Process Performance Measures (30 points) - Land Shark Industries is in the process of automating one of its plants and

 Problem 2 - Internal Business Process Performance Measures (30 points) -

Problem 2 - Internal Business Process Performance Measures (30 points) - Land Shark Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory. The president has read in industry journals that throughput time, MCE, and delivery cycle time are important measures of performance, but no one is sure how they are computed. You have been asked to assist the company, and you have gathered the following data relating to these measures: Average per Month (in days) 1 2 3 4 Wait time per order before start of production Inspection time per unit Process time per unit Queue time per unit Move time per unit 8.0 0.9 3.6 4.3 0.2 10.2 0.7 2.7 5.8 0.6 11.0 0.7 2.4 7.3 0.6 13.0 0.7 1.2 9.4 0.7 Required: Compute the throughput time for each month (show your work). Compute the manufacturing cycle efficiency (MCE) for each month (show your work). Compute the delivery cycle time for each month (show your work). Has the company's performance improved or deteriorated? What caused the change

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