Question 19.3: Multiple Objectives in Manufacturing Often, the justificatio...
Multiple Objectives in Manufacturing
Often, the justification for using robots and computer-aided design, drafting, and manufacturing (CAD/CAM) systems relies on objectives that include those listed in Exhibit 19.2.
What other objectives might be important? Which of the potential payoffs are measured in dollars, tangibles, or intangibles? How are these objectives linked to improved cash flows for the firm?
EXHIBIT 19.2 Potential payoffs from implementing computer-integrated manufacturing
Reductions
Personnel costs | 5–50% |
Engineering design costs | 15–30% |
Work-in-process inventory | 30–60% |
95% Transaction volume for control | 75–95% |
Lead times | 30–95% |
Gains
Production rate | 40–70% |
Capital equipment up-time | 200–300% |
Product quality | 200–300% |
Engineering productivity | 300–3500% |
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