Is Lead Time Forecasting Your Missing Link?
Lead Time is a critical link in your supply chain. For a service based inventory replenishment system, lead time is the indispensable piece to knowing when it is time to place the order. This week, we review why you should tighten this link in your supply chain.
Lead Time impacts when you place an order to avoid lost sales, it helps you avoid goods arriving early that create overstock, it helps you plan better, and drive better results…If you know the real lead time – you don’t, lead time forecasting solves the problem.
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