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.
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Why Lorman?
Over 34 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
Credit
More Program Information
Why Lorman?
Over 34 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
OnDemand Course
This course was last revised on October 29, 2020.
Call 1-866-352-9540 for further credit information.
- ISM 1.25
- Participants who successfully complete this program will receive 1.25 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.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Credit
More Program Information
Why Lorman?
Over 34 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
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
Credit
More Program Information
Why Lorman?
Over 34 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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