Question: - ZOOM Name ACC249 Spring 2022 Chapter 12: Graded Homework Assignment Get Dirty is a producer of various landscaping and gardening equipment which it supplies

 - ZOOM Name ACC249 Spring 2022 Chapter 12: Graded Homework Assignment

- ZOOM Name ACC249 Spring 2022 Chapter 12: Graded Homework Assignment Get Dirty is a producer of various landscaping and gardening equipment which it supplies to nurseries and do-it-yourselfers through big box hardware stores, The company is moving towards Lean Production processes within its plant and would like to track the effects of its progress in this endeavor. Management has decided to use the performance measures below, and compiled data relating to these for the first four months of the year. Month 2 3 1 4 Balanced Scorecard Category Performance Measurement Throughput time days) Delivery cycle time (days) Manufacturing cyde efficiency Market share percentage Total sales dollars in millions) 10.1% % 10.0% 36.3 $ 33.8 S $ 10.7% 11.4% 39.4 S 41.6 The following average times have been logged over the last four months: Average per Month (in days) 1 2 3 4 6.3 6.0 5.8 5.5 14.0 11.5 10.9 1.5 1.8 2.0 2.6 0.6 0.7 0.5 0.5 7.0 6.9 6.6 6.9 Process time per unit Wait time per order before start of production Inspection time per unit Move time per unit Wait time per unit (during production) 12.6 Required: 1. The text covers the concept of Lean Production in the prologue. Go back and read that, or google the concept. Explain (briefly in your own words) what Lean Production is: 2. For each month, calculate the Throughput, Delivery cycle time and MCE and insert in blank cells in the first table. . 3. Evaluate Get Dirty's performance over the last four months. a. Discuss one the metrics above that IMPROVED and what that means for the company, b. Discuss one of the metrics above that WORSENED and what that means for the company. . 4. If the company was able to reduce its Inspection time in month 5 by half, with all other times equivalent to month 4, what would the new MCE be? a. What would the new MCE be? b. Did that change improve or worsen that metric? 5. For each performance measurement listed in the first table above, indicate in column G which category of the Balanced Scorecard it is addressing. 6. If you were going to create a Learning/Growth metric to measure to evaluate the company's progress on Lean Production, what would it be? Explain. - ZOOM Name ACC249 Spring 2022 Chapter 12: Graded Homework Assignment Get Dirty is a producer of various landscaping and gardening equipment which it supplies to nurseries and do-it-yourselfers through big box hardware stores, The company is moving towards Lean Production processes within its plant and would like to track the effects of its progress in this endeavor. Management has decided to use the performance measures below, and compiled data relating to these for the first four months of the year. Month 2 3 1 4 Balanced Scorecard Category Performance Measurement Throughput time days) Delivery cycle time (days) Manufacturing cyde efficiency Market share percentage Total sales dollars in millions) 10.1% % 10.0% 36.3 $ 33.8 S $ 10.7% 11.4% 39.4 S 41.6 The following average times have been logged over the last four months: Average per Month (in days) 1 2 3 4 6.3 6.0 5.8 5.5 14.0 11.5 10.9 1.5 1.8 2.0 2.6 0.6 0.7 0.5 0.5 7.0 6.9 6.6 6.9 Process time per unit Wait time per order before start of production Inspection time per unit Move time per unit Wait time per unit (during production) 12.6 Required: 1. The text covers the concept of Lean Production in the prologue. Go back and read that, or google the concept. Explain (briefly in your own words) what Lean Production is: 2. For each month, calculate the Throughput, Delivery cycle time and MCE and insert in blank cells in the first table. . 3. Evaluate Get Dirty's performance over the last four months. a. Discuss one the metrics above that IMPROVED and what that means for the company, b. Discuss one of the metrics above that WORSENED and what that means for the company. . 4. If the company was able to reduce its Inspection time in month 5 by half, with all other times equivalent to month 4, what would the new MCE be? a. What would the new MCE be? b. Did that change improve or worsen that metric? 5. For each performance measurement listed in the first table above, indicate in column G which category of the Balanced Scorecard it is addressing. 6. If you were going to create a Learning/Growth metric to measure to evaluate the company's progress on Lean Production, what would it be? Explain

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!