How can SMED be applied to the activities

Assignment Help Accounting Basics
Reference no: EM132608572

As discussed in the setup reduction section of the chapter, SMED is a powerful process for reducing setup times, often from hours to minutes or minutes to seconds. The following are key SMED principles:

1. Categorize activities in the current setup process as internal or external. Internal activities are performed when the process is stopped. External activities are carried out when the process is still operating (preparing to process batch B when batch A is still being processed; preparing to serve customer B while customer A is still being served).

2. Convert as many activities as possible from internal to external.

3. Reduce the time required for the remaining internal activities. Pit crews in auto racing are often used as an example of fast changeovers. Numerous organizations such as hospitals and railroads have studied NASCAR pit crews in order to better understand how they can apply lean principles to their own operations. Operations that must be performed during a pit stop are changing tires and refueling (using 12-gallon gas cans).

Question a: On the basis of what you know about these operations from your own driving, how can SMED be applied to these activities? What other JIT principles can be applied?

Reference no: EM132608572

Questions Cloud

Describe the websites or multimedia resources : Describe the websites, applications, or multimedia resources. Describe how health care providers use these resources to enhance their products and services.
What can use process flowcharts for in companies : What benefits can we receive from simulations and modeling? What can we use process flowcharts for in companies? Explain with an Example
Calculate the partnership net income : Calculate the s90 Partnership Net Income (PNI) and complete partnership schedule showing the overall distribution to each of the partners
Explain the term analytical characterization : Explain the term "Analytical Characterization" and how it used on Data Mining?
How can SMED be applied to the activities : What you know about these operations from your own driving, how can SMED be applied to these activities? What other JIT principles can be applied?
Determine the profit or loss earned by the business : Determine the profit/loss earned by the business in each of the following two years: 1) year ended 30 June 2019 2) year ended 30 June 2018
Intellectual property laws and security measures : Intellectual property law is issue facing organizations and many organizations have been fined significant amounts for violations of intellectual property law.
Evaluate the primary ethical standards of the accounting : Evaluate the primary ethical standards of the accounting organization's leadership and values that contributed to approval of the accounting issues
Create a scatter diagram : Create a scatter diagram of Y = ‘Annual % ROI' against X = ‘Cost'. Include the trendline and the coefficient of determination right on the graph.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the Johnsons equity share

Any bonus is attributable to the existing partners and is shared equally. The equity of Smith and Jones $174,000. Calculate the Johnson's equity share

  How will the dividend be shared by common and preferred

Nottebart Corporation has outstanding 10,000 shares of $100 par value, 6% preferred stock and 60,000 shares of $10 par value common stock.

  Tax loss carryforward and valuation allowance

What are some examples of positive and negative evidence used to establish the need for a valuation allowance for a tax loss carryforward? What is the effect of the valuation allowance on the free cash flow forecast?

  Calculate the appropriate tax treatment of any gain or loss

Assuming that Claude is single and that he is the original owner of these § 1244 stock shares, calculate the appropriate tax treatment of any gain or loss

  Prepare the service revenue budget

Prepare the service revenue (sales) budget for 2011 by listing the departments and show. ing for each quarter

  Compute the book value per share of the common stock

Prepare a stockholders' equity section at December 31, 2011 and compute the book value per share of the common stock, assuming the preferred stock has a call price of $110 per share.

  Evaluate the financial stability of the township

What level of compliance auditing is required for each major program in 2009 under the Single Audit Requirements. In 2010

  A voluntary unincorporated association

During the 1980s, the NCAA, a voluntary unincorporated association of approximately 1,100 educational institutions, became concerned over the steadily rising costs of maintaining competitive athletic programs.

  Determine budgeted cash payments for july and august

Determine budgeted cash collections for July and August. Determine budgeted cash payments for July and August.

  Anita zurbrugg was just hired as the assistant treasurer of

anita zurbrugg was just hired as the assistant treasurer of yorktown stores. the company is a specialty chain store

  What are the financial supply chain and human resource

what are the financial supply chain and human resource challenges a firm may confront when implementing an integrate

  Hibbett company does not segregate sales and sales taxes

hibbett company does not segregate sales and sales taxes on its cash register. its register total for the month is

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd