In the previous problem, if the annual carrying cost is $18 \%$ per unit, what will be the annual savings in carrying cost?

What is the difference between leveling based on capacity and leveling based on material flow?

What are the four conditions needed for uninterrupted flow? Describe each.

Describe the differences between preventive maintenance and total productive maintenance.

Why is preventive maintenance important?

What is quality for manufacturing? How is it obtained?

A process can produce a final product at the rate of $2$ products per minute. If an individual product takes $30$ minutes to pass through the process, what is the inventory of products in the process at any time?

What are the two reasons why quality is important?

Given the following costs, which process should be used for an order of $400$ pieces of a given part? What will be the unit cost for the process selected?

A company manufactures component parts for machine tools in North America and ships them to Southeast Asia for assembly and sale in the local market. The components are shipped by sea, transit time averages $6$ weeks, and the shipping costs $\$ 2700$ per shipment. The company is considering moving the parts by air at an estimated cost of $\$ 7500$; the shipment taking $2$ days to get there. If inventory carrying cost for the shipment in transit costs $\$ 100$ per day, should they ship by air? Why should the fact that forecasts are more accurate for nearer periods of time be considered? What activities are affected by the shorter lead time?

Name and describe five advantages of short setup time.

Why is process flexibility desirable? What two conditions are required?

What is a work cell? How does it operate? What conditions are necessary to establish one? What are its advantages?

What is repetitive manufacturing? What are its advantages? What are its limitations?