The Granite State Chapter of APICS will be offering the upcoming 3D printing presentation at the Pease Tradeport in Portsmouth, NH on April 21, 2015. This session is open to everyone. Please contact Ann Yenchick at email@example.com to reserve your … Continued
Lead time is arguably the most important factor in manufacturing and distribution. To a great extent, it determines how you set up your business, what inventory you carry and where/why, what you can offer to your customers, and how agile and responsive you can be to changing conditions and changing demand.
Companies that don’t do a detailed forecast are greatly limiting their ability to marshal their resources to meet customer demand effectively. They will likely be caught with too little or too much inventory at some point, the need for expediting or overtime, and some disappointed customers and lost sales.