March 2016
Intermediate to advanced
328 pages
9h 56m
English
Content preview from Logistics & Supply Chain Management, 5th Edition
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7
Strategic lead-time management
- Time-based competition
- The concept of lead-time
- Logistics pipeline management
- Reducing logistics lead-time
‘Time is money’ is perhaps an over-worked 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 importance of delivery ...
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