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Lead time management: private and public sector practices.
Lead Time Management: Private and Public Sector Practices
Lead time management is an important element in any materials management system. The length and variance in procurement lead time directly impacts inventory investment, demand forecast accuracy, inventory turbulence, the risk of unneeded inventories, and system responsiveness. The critical significance of lead time management, however, typically is not adequately appreciated or considered in basic Department of Defense (DOD) procurement and inventory management processes. As a result, DOD inventories relative to demand have increased, and unusable inventories continue to grow.
In comparison with the ...
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