January 2023
Intermediate to advanced
250 pages
11h 7m
English
Content preview from Logistics and Supply Chain Management, 6th Edition
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Strategic lead-time management |
7 |
‘Time is money’ is perhaps an overworked cliché in common parlance, but in logistics management it cuts to the heart of the matter. Not only does time represent cost to the logistics manager but extended lead-times also imply a customer service penalty. As far as cost is concerned there is a direct relationship between the length of the logistics pipeline and the inventory that is locked up in it; every day that the product is in the pipeline it incurs an inventory holding cost. Secondly, long lead-times mean a slower response to customer requirements, and, given the increased ...
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