Do you make these mistakes with Lead Time?
Lead Time continues to be one of the most requested topics in our discussion groups, customer surveys, and blog research interviews. There are several reasons that Lead Time is important: a significant portion of your inventory dollars are invested in lead time, it’s a critical component to Just in Time (JIT) inventory replenishment, and last, many consulting and logistics software companies tout how Lead Time is the Holy Grail to achieving inventory optimization. Don’t believe the last one, its smoke and mirrors.