Weighted Average Lead Time (WALT)
A lean approach to inventory reduction and supply chain management
Presentation Code: VS1-04
Value Stream: VS1 - Fundamentals of Lean
Day & Time: Wednesday, Oct 17, 2012 - 9:30 AM
Length: 1 hour, 10 minutes
On-time material delivery performance affects all manufacturing companies. And it can be particularly challenging if you assemble a lot of components to produce your products. While your estimates may be reasonable when you have all your required materials, its availability is often based on inaccurate forecasts. But there is a direct relationship between lead time, delivery performance and inventory requirements. Weighted average lead time (WALT) is a process that exploits this relationship by identifying and measuring the most effective ways to reduce inventory investment through targeted lead time reduction. It's a process you can use to improve your business.
In this presentation:
- Understand the relationship between lead time, delivery performance and inventory requirements.
- Measure weighted average lead time (WALT).
- Match your inventory to your real requirements.
- Implement a process to successfully reduce lead times and inventory.
- Substantially improve customer delivery performance.
Northrop GrummanNorthrop Grumman Corporation is a leading global security company that provides innovative systems, products and solutions in aerospace, electronics, information systems and technical services to government and commercial customers worldwide.
John KingJohn King is the continuous improvement manager for Northrop Grumman's electronic systems. He has over 25 years of experience in manufacturing, operations, supply chain and quality management in a number of industries. John is a six sigma black belt and a licensed professional engineer. He is a graduate of Georgia Tech (BS and MS in mechanical engineering) and Loyola University of Maryland (MBA).
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