Operations in an effort to improve performance

Assignment Help Operation Management

Reference no: EM13855925

Green Title Company is analyzing its operations in an effort to improve performance. The following data have been have been collected:

It takes an average of 4 hours to process and close a title, with the value-added time estimated at 20 minutes per title.

Each title officer is on payroll for 8 hours per day, though working 6 hours per day on average, accounting for lunches and breaks. Industry standard for labor utilization is 80%.

The company closes on 8 titles per day, with an industry standard of 10 titles per day for a comparable facility.

Determine process velocity, labor utilization, and efficiency for the company. Can you draw any conclusions?

Reference no: EM13855925

Questions Cloud

Develop the project scope document : Develop the project scope document

How the gospels begin and the meaning of the texts : Write a short essay that compares the stories of the birth of Jesus by Matthew and Luke. What parts of the Gospels point to the divinity of Jesus? How do the stories differ? Read any footnotes. Be prepared to discuss the differences in how the Gospel..

Health belief model : Give a health example of a research study (your own idea of a research question and supporting hypothesis/es that is REALLY important to study from your perspective). Explain how one or more theory(ies) we studied would help to shape the study design..

Digital equipment corporation minorities work : At Digital Equipment Corporation (DEC), minorities work at one of DEC’s two multicultural plants, which provides a comfortable learning environment before they are assigned to their permanent positions within the company. This diversity training prog..

Operations in an effort to improve performance : Green Title Company is analyzing its operations in an effort to improve performance. The company closes on 8 titles per day, with an industry standard of 10 titles per day for a comparable facility. Determine process velocity, labor utilization, and..

What training would you suggest for new leaders? : What training would you suggest for new leaders?

Apply AON methodology in network development : What are some of the advantages in the use of AOA notation as opposed to AON? Under what circumstances does it seem better to apply AON methodology in network development?

Longest path determine the shortest project length : “The shortest total length of a project is determined by the longest path through the network.” Explain the concept behind this statement. Why does the longest path determine the shortest project length?

Conformity with comprehensive basis of accounting : When an accountant is engaged to compile a non public entity's financial statements that omit substantially all disclosures required by GAAP, the accountant should indicate in the compilation report that the financial statements are: Prepared in con..

User Account

All Pages