Reduce Setup Time Hammond Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The average setup time has been 135 minutes, consisting of the following steps: Turn off machine and remove fixture from lathe 10 minutes Go to tool room with fixture 15 Record replacement of fixture to tool room 18 Return to lathe 20 Clean lathe 15 20 Return to tool room Record withdrawal of new fixture from tool room 12. Return to lathe 15 Install new fixture and turn on machine 10 135 minutes Total setup time Why should management be concerned about improving setup time? a. work in process inventory and setup will result in a production batch, which lead the company's time. work in process inventory commits working capital that could be used for other purposes. Long lead times ability to respond to changes in customer demand. b. Which of the following are the ways to improve Hammond Inc.'s setup time? a. limit the trips to the tool room to one round trip, rather than two. b. change the location of the fixtures to reduce lathe setup time. visible location near the lathe. c. eliminate the tool room and instead locate the tools in d. change the entire lathe room layout, so that fewer steps are required to turn the lathe on and off, as well as clean the lathe and change fixtures for the lathe. e. All of these are ways to improve setup time. c. How much time would be required for a setup, using your suggestion in (b)? minutes