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Live Webinar

90-minute live streaming program
  • October 29
  • 1:00 - 2:30 pm EST

Supply Chain Lead Time Reduction Tips and Tricks

October 29

Learn methods that can be utilized in both the short and long term to reduce lead times.

All companies have the need to reduce supplier’s lead times on occasion. In order to do this effectively the components of lead time must be understood. The product’s manufacturing environment also affects the extent lead times can be reduced. Job shops offer the best opportunity to reduce lead times, while products manufactured in a process environment offer the least. There are methods that can be utilized in both the short and long term to reduce lead times. Purchase order language addressing delivery and lead time can be employed to maximize the buyer’s leverage when dealing with late deliveries or long lead times.

Learning Objectives

  • You will be able to define lead time components.
  • You will be able to explain the role the manufacturing environment plays in lead time and your ability to influence delivery.
  • You will be able to describe the importance of purchase order language relating to delivery.
  • You will be able to identify methods of reducing lead times.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is Lead Time?
Manufacturing Environments
  • Repetitive
  • Discrete
  • Process
  • Job Shop
Components of Lead Time After Order Placement
  • Supplier Order Processing
  • Engineering
  • Material Acquisition (MRP)
  • Queue Time
  • Manufacturing and Assembly
  • Quality
  • Packaging and Transportation
The Purchase Order
  • Negotiate Lead Times
  • Hold Supplier Accountable
  • Liquidated Damages
Lead Time Reduction (Short Term – Increase Capacity)
  • Eliminate or Reduce Engineering Time
  • Material Release
  • Utilize Excess Capacity
  • Overtime
  • Subcontract a Portion of the Work
  • Pay a Premium
Lead Time Reduction (Long Term)
  • Reduce Supplier Base
  • Build Relationships With Suppliers
  • Standard vs. Specialty
  • Increase Order Frequency
  • Share Sales Forecasts
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.8 including Production 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Production for 1.8 hours. Prerequisite: basic knowledge of purchasing contracts. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for purchasing managers, buyers, contracting and materials managers, procurement managers, presidents, vice presidents, accountants, bookkeepers and financial professionals.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

J. David Alewine

J. David Alewine

Conflict Resources and Resolution, LLC

  • Director of supply chain for a Fortune 200 engineering, design and construction corporation
  • An established professional with more than forty years of broad-based management experience and achievements in both domestic and international environments
  • Holds membership in the Association for Conflict Resolution, the Institute of Supply Management, The National Contract Management Association and the Project Management Institute
  • His professional certifications include PMP, Project Management Professional, CCM, Certified Commercial Contracts Manager, and CPSM, Certified Professional in Supply Management
  • M.A. degree in conflict resolution, Columbia College; M.B.A. degree, and a B.S. degree in marketing, University of South Carolina
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 402133
Published 2020
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