Lead Time
The Lead Time object in Cloudy Business Ops 360 is used to define, record, and manage the time required to complete a business process or deliver goods/services.
Lead Time is a critical metric in operations, procurement, and order management because it directly impacts order fulfillment, customer satisfaction, and inventory planning.
In Cloudy Business Ops 360, Lead Time acts as a configurable record that allows businesses to document standard or custom lead times for various operational activities, such as manufacturing, shipping, or procurement.
Use of Lead Time in Cloudy Business Ops 360
- Production Planning: Helps determine how long it will take to manufacture or prepare items before shipment.
- Procurement Planning: Used by purchasing teams to know how far in advance to place purchase orders.
- Customer Commitments: Enables accurate promise dates for delivery, improving customer satisfaction.
- Inventory Optimization: Helps maintain optimal stock levels by forecasting replenishment cycles.
- Performance Tracking: Can be used to compare planned lead times vs. actual lead times for process improvement.