Reducing lead time include transformational changes

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Question

Key strategies for reducing lead time include transformational changes, supplier streamlining, supply chain integration, demand anticipation, and delayed product variance. Investing in resource distribution and adopting responsive production processes, such as cellular manufacturing, aids in this process. Effective tactics include strong supplier relationships, technology upgrades, and streamlining operations. For instance, manufacturers like Alexandria Extrusion Company that produce aluminum extrusion are selecting Quick Response Manufacturing (QRM) which shortens lead times, improves forecasting, lowers inventory levels, and enhances customer service (Sarkar et al.; B. C., 2022). Unlike other responses like Lean Manufacturing or Just in Time which focus on eliminating non value added waste.

Reference no: EM133826842

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