for exam Flashcards
1
Q
Delivery cycle time
A
order received to goods shipped
2
Q
Throughput time
A
production started to goods shipped
3
Q
Wait time
A
order received to production started
4
Q
MCE - Manufacturing Cycle Efficiency
A
MCE = value-added time / manufacturing cycle time
5
Q
The average weighted method
A
The average weighted method = units transfered to next department of finished goods + equivalent units in ending work in process inventory
6
Q
ROI - Return on investment
A
ROI = net operating income / average operating assets
7
Q
NOI
A
NOI = sales x margin
8
Q
margin
A
margin = net operating assets / sales
9
Q
turnover
A
turnover = sales / average operating assets
