Strategic Lead Time Management Coursework Example

Strategic Lead Time Management
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Strategic Lead Time Management
Lead-time management refers to the time taken from the start of production of a particular good or service to the time the item is delivered to the customer. Reduced lead-time management presents various advantages and disadvantages. One such pro is improved customers’ fulfillment as goods and services take shorter periods to be delivered to the customers, therefore, increasing cash flow (Dear Systems, 2017). Another benefit is the utilization of resources; quick production requires company invest in making sure that there is little wastage as a way of improving the production process and meet the short deadlines.
One of the cons of reduced lead-time management is it might lead to the production of lower quality commodities. When trying to deliver goods and service to the customers within the shortest time possible, companies might use less effective methods in the manufacturing process which are cheaper or might skip some stages of production; this results in lower quality products and services. One of the ways that can be used by companies to adapt to these changes is investing in technology and research, new and improved technology makes it possible to produce products and service within a short time and at cheaper rates while at the same time improving their quality.
Pipeline management deals with sales; sales pipeline management refers to close monitoring of every stage of the supply chain as a way of generating successful contacts (Sellers, 2017).

Logistics deals with the handling of operations that involve providing materials needed and labor. Logistics pipeline management refers to the overall monitoring of all aspects in a supply chain to help companies efficiently generate profitable methods of growing their businesses and increasing sales.

References
Dear Systems. (2017). Lead Time Reduction: Why It’s Important and How to Do It Right – DEAR Cloud Inventory Management. DEAR Cloud Inventory Management. Retrieved 28 February 2018, from http://dearsystems.com/inventory-software/blog/lead-time-reduction/Sellers, M. (2017). Sales Pipeline Management 101 | Smartsheet. Smartsheet. Retrieved 28 February 2018, from https://www.smartsheet.com/all-about-sales-pipeline-management