Lead time assessment is the time from the beginning of the outsourcing process to its conclusion. In short, it’s the amount of time you need to get your product. However, a strategic lead time management is tricky because of the different factors you should consider during your lead time analysis: manufacturers palliate the production schedule, shipping delays may occur and your inventory levels may be inadequate.
We believe all lead time assessments should check three main aspects: reviewing the production line, verifying the factory lead time, and analyzing the logistics estimates. Firstly, closely scrutinizing bottlenecks can give you a clear understanding of the lead time potential. Secondly, checking production process information against what the factory estimates gives an accurate understanding. Thirdly, getting the product from the factory to your warehouse requires knowledge about logistics and customs processes.
Our lead time assessment provides you with an estimated manufacturing schedule. It tells you when your item will be delivered and covers the time from sampling to final delivery. Many factors influence the lead time. Clients and suppliers have their own schedules. Raw materials need procurement time and human error may cause delay.
Intrepid Sourcing’s lead time analysis provides realistic manufacturing lead times. We will verify the accuracy of the estimates if you already have a supplier. Our lead time assessment reviews ways to reduce the overall lead time and will always use your project specific details. As a result, our strategic lead time management lets us create a system synchronizing your and the supplier’s schedules and needs.