The paper "Lead-Time in Supply Chain Management " is an outstanding example of a management assignment. Lead-time in supply chain management is the time taken when the customer places his order to the time the products or the goods are delivered to the customer. Lead time can vary from several hours to many months. Lead-time in publishing is the amount of time that a journalist gets the writing assignment and submission of the written. In manufacturing, in the absence of work in progress inventory or finished goods; it is the time it takes in manufacturing the order without any inventory apart from raw materials.
Lead time is the time from when the process starts until when it is completed (Chen, 2000, p. 437). For retailers, it describes the time they place the order to the manufacturers until when the ordered goods are delivered to the premises of the retailer. For a manufacturing company, the lead time will involve the time for supplies to arrive from suppliers, the processing time and the moment of delivering the goods to the customer. When a retailer orders goods from the manufacturer, the manufacturer produces the goods and delivers them to the retailer according to the specifications.
The manufacturer’ s lead time is the time it takes to secure supplies, processes the goods, and deliver the goods to the customer (Movahedi, Lavassani & Kumar, 2009). On the other hand, the lead time of the retailer is the time when the retailer places the order to the manufacturer until when he received the ordered goods as specified. The desire for lead-time reductions in the supply chain by companies Value creation is a result of successful supply chain management.
Lead time reduction is one of the goals that are at by a company that what to realize value creation in supply chain management. The accomplishment of value creation means that there is efficiency in the production and shipment of products to the customer in the market. Companies desire to reduce lead time in the supply chain with the target of reducing costs (Lee, 2010, p. 7).
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