Manufacturing and administrative flexibility are key to reducing cycle time.
When measuring flexibility in the manufacturing process, focus on reducing the total number of parts. Purchasers can track increases in the number of easily obtainable standardized parts and services with zero lead-time. Also, suppliers can pre-assemble and assist in these types of efforts.
Don't neglect the administrative cycle time in a purchasing department -- whether you work for a manufacturing company or a service organization. Purchasers can set cycle-time standards in their departments and streamline all procedures to speed things up. For example, procurement cards and system-purchasing systems can help reduce cycle time.
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