Six Sigma: Step-by-Step Guide to Six Sigma (Six Sigma Tools, DMAIC, Value Stream Mapping, Launching a Project and Implementing Six Sigma) by Jason Bennett & Jennifer Bowen

Author:Jason Bennett & Jennifer Bowen [Bennett, Jason]
Language: eng
Format: azw3
Published: 2018-11-11T16:00:00+00:00

Components of lead time

Lead time consists of several different elements that originate from the various departments within an organization. These include:

● Preprocessing time – This is the time it takes to receive an order from the customer, understand the order, and then create a purchase order.

● Waiting time – The time an item has to spend awaiting production

● Processing time – The time it takes to produce an item

● Inspection time – The time it takes to check a product for conformity to standards

● Storage time – The amount of time an item stays in the factory or warehouse

● Transportation time – The amount of time the product is in transit from the factory to the customer

When you add up all these elements, you end up with the total lead time. One assumption that is made is that there is no inventory in storage. In other words, we assume that the product must be made from scratch.

So the challenge you have is to find a way to reduce the lead time.

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