Streamline your procurement process with lead segmentation for Procurement

Improve efficiency and reduce costs with airSlate SignNow's easy-to-use lead segmentation solution specifically designed for Procurement professionals.

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Lead segmentation for procurement

Are you looking for a streamlined solution to manage lead segmentation for procurement? airSlate SignNow by airSlate offers a user-friendly platform that allows you to easily send and eSign documents, all within a cost-effective package.

Lead segmentation for procurement

Experience the benefits of seamless document management and efficient eSigning with airSlate SignNow. Take your procurement lead segmentation to the next level with airSlate's innovative solution.

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[Music] yeah supply lead time variation is a very very good question so let me let me break down into into two parts the first part is the is the impact of the supply lead time variation and the second part would be what we can what we can do and I think this is one of the most underrated problem because I really want to do a study where actually I want to put $1 dollar sign to the impact of the lead time in fact is actually four key issues with the with the supplier lead time variation the first exam is on inventory so if the supply is not supplying on time that means is is impacting safety stock which is calculated by total demand totally lead time supply variation of lead time variation the lead time variation you are forced to carry more is stock that means more inventory carrying cost that means higher cost of producing goods means you're not making enough money so that's the one impact the second impact would be other way around which is not having the right inventory right that means the dramedy is not there which causes production delays or production stop it is that means people are either producing goods which that should not produce or there's idle capital of machines sitting doing nothing again a fixed cost is getting high so production saw stoppages is the second one the third one is is the return of the right inventory to supply to your customers that means a loss of sales loss of revenue which loots leads to some time in the fourth one which is a lost of market share it I have seen in the examples where the the suppliers are not supplying for some time that the end end customers not getting the goods and somebody else is is getting the money market share which you are not getting back and that leads to the fifth one which is a poor relationship between the customer and the supplier across the supply chain so how we can solve it I think I see the issues from a two angles one is a more reactive supplier development which is you have a right KPI you measure on time delivery you measure the total lead time and tell them how to improve it you don't get involved right I have a weekly goal be tough with them in some instances but I would like to prepare more strategy approach where you work with the supplier understand what's happening and ask and work with them to improve so for example with my 20% supply which 80% I spent I used to go and work with them and have a you know almost like a value stream mapping even do the guys and burst come up with action plan and how them improve whatever the issue causing them for the incus inconsistent lead time and that also helps to build the relationship and and the long-term sustainable performance from the supplier so you can mix both I'm not saying they are mutually exclusive you can both reactive approach and it starts you approach depending on your resources you have and the relationship with your supplies you like the content of this video please press the subscribe button and visit SMD zo comm / guides

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