Hammond Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The average setup time has been 135 minutes, consisting of...

Hammond Inc. has analyzed the setup time on its computer-controlled lathe. The setup requires changing the type of fixture that holds a part. The average setup time has been 135 minutes, consisting of the following steps:

a. Why should management be concerned about improving setup time?

b. What do you recommend to Hammond Inc. for improving setup time?

c. How much time would be required for a setup, using your suggestion in (b)?