While there is no set time period a master schedule has to cover, it is important the master schedule covers the...
a. Cumulative lead time for the end items, including parts
b. The lead time for parts only
c. The lead time for the end items only?
Answers
The correct answer is (C) the lead time only for the last items
What is 'lead time' now?
Lead time is the time that passes between start and end of process. Manufacturing, Supply Chain Management, and Project Management Examines Lead Time to reduce the time between conceptualization and finalization of a project. Companies review pre-processing, processing and post-processing data, comparing each result against benchmark to determine if the inefficients are present.
Down 'Lead Time'
Lead time reduction, streamline operations and productivity improvements, company production and revenue increase. Conversely, long-term lead time negatively affects sales and manufacturing processes. Many issues affect a company's lead time.
How the lead time list affects
Stock-out, as the name implies, when the list, or stock, is unavailable to meet the customer's order. As a result, stock-out adversely affects consumer demand and manufacturing programs. Consider an example in which an organization's management has either underestimated the amount of stock or has failed to place a recruitment order. Since the supplier can not immediately fill the material, the production stops, which can be costly for the company's lower line. One solution is to use a vendor-managed list (VMI) program, which provides automatic stock recruitment. These programs often come from Off-site Suppliers using In-Time-Time (JIT) List Management to order and distribute components based on usage.
Lead time varies in supply chain sources, which makes it difficult to expect the delivery of goods and expect production coordination. Often the result is an additional list, which puts stress on a company's budget. Supply chain failures affect non-production due to stock-out, and more stressful revenues A VMI program helps strengthen information about suppliers who collect the necessary components and ship them as needed. Lead time scheduling allows to get the components needed to come together, and reduce shipping and cost.