5 Factors Affecting Lead Times for Manufacturers
Lead times refer to the time taken between the initiation of a manufacturing process and its completion. Types of lead times differ based on the product or customer but for the purpose of manufacturing or assembly, the primary four lead times are: Customer lead time Material lead time Production or manufacturing lead time Cumulative lead […] ... Read More
January 13, 2020 inventory control, lead time, manufacturingUnderstanding The Difference Between Lead Times and Inventory Cycle Times
Lead time and cycle time are widely used terms in the world of lean manufacturing processes. However, people are often confused when trying to understand the difference between the two and their significance to lean operations. Lead times are an external process that start when a request is made for a product or service and […] ... Read More
November 20, 2019 inventory control, inventory reporting, lead timeThe Difference Between Cycle Time and Lead Time
When you have a warehouse full of inventory piled in front of you, it can seem overwhelming. Every inventory manager and business owner looks after their inventory stock slightly differently. Yet, neither of these people would shy away from optimising their inventory stock and how it flows out of the warehouse. There are many ways […] ... Read More
November 7, 2019 lead time, manufacturingTwo Ways You Can be in Control of Lead Time
Ensuring your business has enough stock on hand is a juggling act. Most businesses store inventory to ensure they have enough to meet a surge in customer demand. However, they run the risk of tying up capital in excess inventory. A better solution is to focus on reducing the lead time in your supply chain. […] ... Read More
September 4, 2019 inventory control, lead time, supplier managementThe Probabilistic Model of Inventory Control Explained
Regardless of the industry, it is necessary for manufacturers and retailers to maintain the right quantities of inventory stock to ensure the smooth running of production operations and sales activities. Holding certain levels of inventory stock helps companies to avoid lost sales, will reduce ordering costs, help to maintain efficient production r ... Read More
May 30, 2019 inventory control, inventory management, lead time, stock control, stock demandSourcing Internationally: How Can You Manage the Risks?
When it comes to procurement, manufacturing inventory abroad offers some clear advantages over sourcing product at home. Whether you're a scaled up multinational importer or a small retailer looking to unlock some small cost savings, there's a good chance that you'll procure at least some of your product from abroad. But what about the ... Read More
December 23, 2017 importing, lead time, suppliersA guide to optimising your supply chain lead time
Inventory control is all about ensuring there is always enough inventory stock to supply customers with what they need when they need it. It also involves reducing the volume of any inventory stock kept in storage unsold, as this can be at risk of becoming obsolete or expired. When inventory stock is under control, these […] ... Read More
October 30, 2017 inventory control, inventory management, lead time, supplier relationshipSupply chain challenges: Long lead times
Longer lead times in the supply chain can cause a series of negative effects for both the customer and the seller. In fact, lead time is the single biggest factor influencing the performance of your inventory control processes and supply chain in general, which means managers need to take care to reduce it as much […] ... Read More
October 24, 2017 inventory control, lead time, supply chain, supply chain challengesHow to Reduce Lead Times in the Supply Chain
Longer lead times in the supply chain can have a series of negative knock-on effects for both the customer and the seller. Lead time is a huge variable influencing the performance of your inventory control processes and supply chain in general. Therefore, managers need to take every step possible to reduce it where they can. […] ... Read More
October 20, 2017 inventory control, lead time, supply chainTrimming Lead Times in the Supply Chain
In a stock-based business, accessing and taking control of inventory is crucially important. Without sufficient inventory, your business will miss out on sales, production lines will slow and you’ll fail to meet customer expectations. Longer lead times also aggravate quality assurance issues; if you discover a manufacturing issue when a shipment ... Read More
October 14, 2017 lead time, supply chain, supply chain managementWhy reducing lead times is crucial for inventory stock
Why do lead times matter? Lead times are the single largest factor that influence the performance of your supply chain. It’s no question that longer lead times exhibit the notion that you will have to carry more inventory stock, and thus there is a real risk of shortage. Longer lead times suggest that it’s harder […] ... Read More
October 9, 2017 inventory stock, lead time, supply chain, supply chain managementSix Tips to Reduce Inventory Lead Times
In business, getting access to and holding the inventory you need is key. Holding large reserves of inventory is one way to ensure your business has enough stock on hand, but a better solution may be to focus on reducing lead times in your business’ supply chain. Being able to order stock quickly takes away […] ... Read More
August 21, 2017 inventory management, inventory ordering, lead time, supplier management, supplier relationship, suppliers2 ways to reduce lead times in the supply chain
Lead times play a huge role in inventory management. Lead times are the amount of time it takes for you to receive your products from the time you place a purchase order with your supplier. That means if you can reduce your lead time, the results will create a need to carry less stock, allowing […] ... Read More
July 24, 2017 inventory automation, inventory forecasting, lead time, stock forecasting, supply chain, supply chain management