The Essential Guide to Improved Lead Times
In this guide, we’ll walk through the lead time formula, the difference between lead time, cycle time, and takt time, and tips to reduce lead time across your operations.
With an increasing number of factors making global supply chains increasingly unpredictable, lead time management has become a cornerstone skill set for all manufacturers. Over the past few years, especially, lead time management has become mission critical to maintaining sufficient inventory, and, thus, revenue and cash flow.
Successful companies have made a science of calculating and proactively managing lead times. The most successful companies not only manage their lead times, they constantly work to reduce their lead times in order to increase supply chain efficiency.
This Guide dives into all you need to know about what lead times are, best practices for calculating and managing them, and direct, practical “how-to’s” to improve lead times. Enjoy!