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Another powerful way to manage lead-time is by developing strategic inventories of components. Used effectively, this strategy can generate huge gains in manufacturing lead-time. Obviously you do not want to build large idle inventories that soak up space and capital, but having the right parts on hand is a priceless advantage.

"It wasn't raining when Noah built the ark."
-- Howard Ruff

Most manufacturers have difficulty with this aspect of building inventory, because they aren’t sure what constitutes strategic inventory. Without a product-mindset and a common parts bin philosophy, most companies would be hard pressed to stock the right parts. However, once the mantra that “everything that we do is different” is abandoned determining what to inventory becomes much easier.

When used properly, strategic queues of commonly used components can be a huge boon to recovering lead-time.

Visual Enterprise provides a powerful set of tools to help you develop, plan for and monitor the strategic inventories that can help you win the lead-time game. I am Kurt B. Carr and I have years of experience in teaching companies how to use Visual Enterprise as a tool to operate effectively and achieve success. Call (941.776.3830) or email me today to discuss your company's winning strategy.

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