Total manufacturing time is multiplied to manufacturing cycle efficiency to calculate value added manufacturing time. Value added time is the processes and activities in the production or manufacturing process that improve the product or add usefulness to it.
Costs incur for defective products, before their shipment to customers can be categorized as
Costs incur for defective products, before their shipment to customers can be categorized as internal failure costs. Internal failure costs are those costs of quality associated with product failures that are discovered before a product leaves the factory.
Costs that are incurred to prevent low quality goods production are classified as
Costs that are incurred to prevent low quality goods production are classified as costs of quality. Cost of quality (COQ) is defined as a methodology that allows an organization to determine the extent to which its resources are used for activities that prevent poor quality, that appraise the quality of the organization's products or services, and that result from internal and external failures.
If total number of employees surveyed are 200 and employees that indicate higher rating for satisfaction are 195, then employee satisfaction would be