What is the role of the planned state column

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Reference no: EM13947837

The following Box Scorecard was prepared for a value stream.

	Last Week	This Week (6/30/08)	Planned Future State (12/31/08)
Operational Units per person	100	108	115
On-time delivery	85%	90%	95%
Dock-to-dock days	12	11	9
First time through	60%	62%	70%
Average product cost	$75	$74	$70
Capacity Productive	25%	26%	27%
Nonproductive	65%	62%	40%
Available	10%	12%	33%
Financial Weekly sales	$800,000	$825,000	$1,000,000
Weekly material cost	$320,000	$330,000	$380,000
Weekly conversion cost	$280,000	$280,240	$320,000
Weekly value stream profit	$200,000	$214,760	$300,000
ROS	25%	26%	30%

Required

1. How many nonfinancial measures are used to evaluate performance? Why are nonfinancial measures used?

2. Classify the operational measures as time-based, quality-based, or efficiency- based. Discuss the significance of each category for lean manufacturing.

3. What is the role of the planned state column?

4. Discuss the capacity category and explain the meaning of each measure and its significance.

5. Discuss the relationship between the financial measures and the measures in the operational and capacity categories.

Reference no: EM13947837

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