Explain how each measure can be applied to the company’s production planning process. Can the company use each one?      How?

Production Planning and Quality Management: MGMT430
Deliverable Length: 3 – 4 pages
Assignment Type:  Individual Project
Unit3 – Individual Project
Review the scenario at beginning of the assignment list.
As the company examines various methods to assess its performance and design processes, it is looking for an analysis of the existing workflow production process and the factors that most directly impact such measurements. As a review, the most common metrics for production processes are as follows:

Quality: the number of defects associated with a given      produc
Cost: material and labor cost
Timeliness: how quickly products are manufactured and      delivered
Flexibility: the degree to which the production process      can be adapted to produce other products or specific products more quickly
Productivity: a ratio of outputs divided by inputs
Efficiency: a ratio of actual outputs divided by      standard (or expected) outputs, multiplied by 100% to give a total      efficiency percentage
Cycle time: the total time it takes to complete a      production process
Theory of Constraints and Queuing Theory

Using course materials and other research, complete the following:

Explain how each measure can be applied to the company’s production planning process. Can the company use each one?      How?
Rank the criteria listed above in order of importance to the company’s production planning strategy detailing your rationale for such a ranking.
Identify other measures that might apply to the company and explain them.

Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course material