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Reduce Lead Times & Slash Inventories

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Adam Hochfelder
User Rank
Stock Keeper
Reduce Lead Times
Adam Hochfelder   3/21/2016 6:30:13 AM
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Lead-time reduction is a game changer for most processes. Delivering faster is a true competitive advantage.

Adam Hochfelder

tirlapur
User Rank
Supply Network Guru
Re : Reduce Lead Times & Slash Inventories
tirlapur   7/31/2013 9:54:26 AM
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The most effective way for trades to reduce stock is by reducing the supply lead time. In a perfect world, how simple business would be with a lead time of zero and orders being filled directly. A customer could walk through the entrance of your business, place their order, and walk out happy with no delay. If business was this easy, you would need no warehouse space, no order follow-up, no inventory counting, no forecasting, no product damage, no obsolete inventory, fewer employees, less risk of theft, and less cost overall.

Clairvoyant
User Rank
Supply Network Guru
Re: An example
Clairvoyant   7/8/2013 11:57:37 AM
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Yes, SP, but what exactly did they do to reduce this lead time?

SP
User Rank
Supply Network Guru
Re: An example
SP   7/8/2013 8:20:55 AM
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@Clairvoyant, they reduced the systematic lead time. Its the time that is variable due to system and process difference in different regions.

Clairvoyant
User Rank
Supply Network Guru
Re: An example
Clairvoyant   7/7/2013 8:54:04 AM
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What changes did Pulse implement in order to reduce leadtimes? This would be very interesting information to know.

SP
User Rank
Supply Network Guru
Re: An example
SP   7/3/2013 8:11:51 AM
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Long lead time is one of the major concerns in supply chain business of electronics industry. Lead times more than 20 days start pinching. But in reality 3-5 weeks is normal for most of the components.

elctrnx_lyf
User Rank
Supply Network Guru
An example
elctrnx_lyf   7/3/2013 12:55:20 AM
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Pulse definitely proved what it means to actually reduce the leadtime. This is one good example for any product companies to understand how to manage the lead times to make the business more profitable. Inventory is becoming only costlier withthe rise in real estate prices. Better to reduce the inventory requirements rather than regreting later



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