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Manufacturing Metrics MSSC

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Manufacturing Metrics MSSC What type of objective is a measurable goal that allows a company to determine if it is being successfully? - ✔✔Performance Which metric drives wage decisions? - ✔✔Value added per employee Machine utilization is a productivity metric used to measure the percentage of time a machine _____________. - ✔✔Runs What is the measure of the amount of product produced compared to the amount that could be produced under ideal conditions? - ✔✔Production efficiency Overall performance objectives are achieved by the actions of the companies ______________. - ✔✔Employees What is the most basic productivity metric? - ✔✔Parts produced in an hour by human or machine An important statistic is calculated by dividing the number of parts produced by the number of hours worked. This statistic is called? - ✔✔Labor productivity Efficiency is directly related to ______________. - ✔✔Productivity The formula for productivity is the output of goods divided by what? - ✔✔Input of factors of production Productivity is a measurement of the efficiency of _______________. - ✔✔Production Value added per employee is a financial measure of how much product was sold vs. how many employees worked during this period. Is this statement true or false? - ✔✔True Which critical success objective requires the manufacturer perform satisfactory over a defined amount of time under specified conditions? - ✔✔Reliability To remain competitive, manufacturer's must be low cost producers. T/F - ✔✔True Production efficiency is the standard produced parts divided by the actual produced parts. How is the standard determined? - ✔✔The standard is the amount produced under ideal conditions The measure of the work or a process can be defined as_____________. - ✔✔Performance metric Which of the following is not a reason for measuring machine utilization? - ✔✔To identify ways to decrease production Which critical success objective requires that the manufacturing adapt resources and processes to meet changing demands? - ✔✔Flexibility Productivity is a relative measure. What does this mean? - ✔✔It needs to be compared to something else to have value Speed in delivering products is not as important as the other crucial success objectives for manufacturer's. Is this T/F - ✔✔False Productivity can be calculated by ____________ the number of parts produced by the time elapsed during the production. - ✔✔Dividing The definition of quality is providing error free goods and services that meet or exceed the expectations of the customers. T/F - ✔✔True Complete the value added per employee formula: Number of products sold x price per unit divided by ______________. - ✔✔Number of employees

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