Sunset Manufacturing realizes that “…a more competitive organization…” is vital to ensure the future

Question: Sunset Manufacturing realizes that “…a more competitive organization…” is vital to ensure the future growth of the business and further Kaizen events will create the necessary capacity for new business. An amount of R250,000 was made available with a target of 9 minutes in change-over time. Currently the respective single-station manned cells used toAsk an expertAsk an expertAsk an expert done loading

Show transcribed image textTranscribed image text: Sunset Manufacturing realizes that “…a more competitive organization…” is vital to ensure the future growth of the business and further Kaizen events will create the necessary capacity for new business. An amount of R250,000 was made available with a target of 9 minutes in change-over time. Currently the respective single-station manned cells used to produce this part are also used to produce 19 other parts (20 in total) with similar usage and cost data (assume the data to be identical for purposes of this problem). Determine: 3.6 The EOQ for the change-over time of 9 minutes (Round up to the nearest hundred). (3) 3.7 The savings in total inventory cost (TIC) (compared to 3.2 above) as a result of the targeted improvement in change-over time of 9 minutes (show all calculations). (3) 3.8 How many months in savings are required to pay off the R250,000 investment?