Article: Lead times and cycle times: to implement lead time reduction we may need to introduce a new definition for cycle time which embraces the whole business, not a single process.(production management)

In manufacturing we may hear from our suppliers that the lead time for the delivery of a product is, say, six weeks. This is the time taken from when the supplier receives our purchase order to the time when he delivers the goods to our factory. We try to persuade our suppliers to reduce their lead times--but often to no avail. Understanding and measuring lead times is essential for planning our business, for good customer service and for identifying areas for improving the process.

We also hear from our manufacturing colleagues that the cycle time to make a component on a machine may be three minutes--that is the time to load and unload the component and for the ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!