Particulars Process Inventory Inspection Cost
Observation Active process:

Output VS time

Idle process:

Idle machine time, break downs

Record of stock level Process control charts Collect cost data
Analysis Compare progress with plans Distribution of demand, trend, seasonal fluctuations Process capabilities trends Compute costs and compared with estimated cost
Immediate action Expedite Issue production and procurement orders Initiate 100% inspection Adjust price if possible
Evaluation Process capacity maintenance schedules Replenishment policies, inventory systems Reassessment of specifications Economic evaluation of processes preparing better data for future estimates
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