// ROBOTICS AND SMART FACTORIES TERM
Lead Time Reduction
Making the time it takes to deliver a product or service shorter, from order placement to delivery.
TECHNICAL DEFINITION
Lead Time Reduction is a supply chain optimization strategy focused on minimizing the total duration from customer order initiation to final product delivery, encompassing procurement, manufacturing, and logistics phases to enhance responsiveness and efficiency.
BACKGROUND
Lean manufacturing is a management system built on three principles: produce only what is needed, when it is needed; correct abnormalities as soon as they occur; and empower workers to improve the process themselves.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Cycle time reduction
- faster delivery
- quick response
- speed to market
USAGE NOTE
Companies implement lead time reduction to improve customer satisfaction and reduce inventory holding costs.
DEVELOPERS
Organizations developing technology related to Lead Time Reduction.
Develops a comprehensive portfolio of industrial software, including Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM), and advanced planning and scheduling (APS) solutions that enable manufacturers to optimize processes, improve efficiency, and significantly reduce lead times.
Provides enterprise resource planning (ERP) and supply chain management (SCM) software, including SAP S/4HANA and SAP Integrated Business Planning (IBP), which enable real-time visibility, demand forecasting, production planning, and inventory optimization to shorten manufacturing lead times.
Offers the 3DEXPERIENCE platform with solutions like DELMIA for manufacturing operations management, planning, and optimization. These tools facilitate virtual twin creation, simulation, and lean manufacturing practices to streamline production and reduce lead times.
Focuses on industrial automation and information solutions, including MES (Manufacturing Execution Systems), control systems, and analytics software. Their technologies help manufacturers gain real-time insights, automate processes, and optimize production flows, thereby reducing operational lead times.
Specializes in concurrent supply chain planning, offering solutions that integrate demand planning, inventory management, and production scheduling across the entire supply chain. This holistic approach helps companies anticipate issues, make faster decisions, and effectively reduce end-to-end lead times.
Provides an array of industrial innovation platforms, including CAD, PLM (Product Lifecycle Management), IoT (ThingWorx), and Augmented Reality (Vuforia). These technologies enable digital transformation, improve product design processes, enhance operational visibility, and optimize manufacturing workflows to reduce time to market and production lead times.
Develops intelligent automation solutions and microfactories for product assembly. Their software-defined manufacturing approach allows for rapid reconfigurability, increased throughput, and significant reduction in manufacturing lead times for various products.
Offers AI-powered machine health and performance solutions that leverage IoT sensors and predictive analytics. By preventing unplanned downtime and optimizing equipment performance, Augury helps manufacturers maintain continuous operations and ensures production schedules are met, directly impacting lead time predictability and reduction.