Asked by
morgan cleevely
on Nov 17, 2024Verified
Lead time reduction can be a cost-saving goal for any processed item.
Lead Time Reduction
A strategy aimed at reducing the time taken from initiating a process to its completion, often used to enhance operational efficiency.
Cost-Saving
A reduction in expenses that increases net income and cash flow, which can be achieved through various methods like improving efficiency or negotiating better terms with suppliers.
Processed Item
An item that has undergone a series of actions or steps to bring it to a specified state, often referring to manufactured or packaged goods.
- Grasp the essential nature of lead times in lean manufacturing and the methodologies for decreasing them.
Verified Answer
KH
Learning Objectives
- Grasp the essential nature of lead times in lean manufacturing and the methodologies for decreasing them.