![]() Each process includes a number of smaller, distinct processes that must all be taken into account when calculating lead time. Lead time measures the length of time - days, weeks, months - that elapses from the beginning to the end of a business process, such as the production of a car. ![]() Accurate lead time forecasting also helps businesses better manage their manufacturing, inventory and supply chain operations. Not surprisingly, baking lead time into schedules is growing in importance as more businesses sell online, because delivering a positive customer experience drives repeat sales. ![]() To maximize efficiency of operations, businesses must account for lead time in their schedules and have on hand just the right amount of inventory to fulfill customer orders. And inherent to planning is mastery of the concept of lead time - how long it takes, from start to finish, to complete a given process in the production or delivery of a company's goods and services. To meet demand, businesses must be able to plan for each of these interdependent processes. Many steps go into fulfilling customer orders for goods or services, from sourcing raw materials to manufacturing, inventory and delivery. East, Nordics and Other Regions (opens in new tab)
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