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The speed is one of the key operational objectives, which is critical to the business success. Speed is the topic related to how long the customers need to wait for the product or service. For instance, in an LED light retail shop, the speed can be understood as that the customers are served quickly and their further questions on the products will be answered by the shop staff. It also includes the situation when many customers are in the shop they don’t need to wait for a long time for the assistance by the shop staff. In the speed perspective, these topics of the LED tube should be solved quickly. The speed objective also means that the goods available for the customers. From the customer’s point of view, the speed also means the total transaction by going to the LED bulb retail shop, making the purchases and returning was kept to a satisfactory level. This transaction related to how fast of the processes of going to the shop, parking cars, purchasing, paying and returning home. For the MR16 LED spot bulb sellers, the speed objective means that the response time of the order replacement to product receipt can be kept to the minimum. The speed perspective will be understood as that the batch of the AR111 LED spot bulb products can be shipped immediately and correctly from the warehouse to the appointed destination. It also relates to that the response speed for the different types of the wholesale LED spotlight products, which should be available on the shelves. For the LED lighting manufacturer, the speed objective mainly related to two perspectives. The first point is the time between the LED light supplier requesting a batch of products and receiving the shipment can be kept to a minimum. The second point relates to the time that a AR111 LED spot bulb trader can receive the spares and technical supports from the manufacturer can also be kept to a minimum. The most important benefit to the external customers by the speed objective is that it enhances the offering to the customers, as it can guarantee the speedy delivery of goods and services to the needed customers. This is because that if the customers can get the desired products and services faster, the more likely they will return for more purchases. The speed is not only important to the external customers, but also important to the internal customers. If the MR16 LED spot bulb operation wants to achieve fast response to the customers, it requires the fast decision-making and fast movement of materials and information. However, there are more internal benefits can be gained from the speed. Speed reduces inventories
In the wholesale LED spotlight plant, the plastic, which is used to make the LED lighting housing is quickly delivered to the molding workshop where it is molded to the needed shape. Later it is delivered to the painting workshop to be coated for color and appearance. Finally, in the assembly line, the housing is fitted to the AR111 LED spot bulb product. This is the standard production process, but in the real practice the housing may not flow smoothly from one step to the next due to many reasons. By tracing the product through the process, the finished time can be very long. Firstly, the plastic is shipped in a large batch, which is enough for making several thousand products. Then, the plastic is taken to the molding workshop where it is made to the desired shape. Later it will be taken to the painting area, where it still needs to wait for the painting process. Eventually, it will wait for the transportation to the assembly line for the next step. Finally, it will be moved to the place where it becomes part of a finished MR16 LED spot bulb product. The housing journey through the manufacturer was much longer than the time to make it, and the main proportion is the waiting time. In the factory, the spare parts are moving from one plant to another in large number, and the waiting time will result in large stocks. This will increase the operating cost. If the waiting time can be reduced and the material can move faster from one step to another, the amount of the inventory can be greatly reduced. Speed reduces risks
Forecasting is an important event for the organization. However, forecasting a short period is less risky than forecasting a long period. If the AR111 LED spot bulb company forecasts the sales for the next several years, it will more likely to go wrong. Similar to the speed of the operation, if the total time for making the housing is about two weeks, then the manufacturing arrangement is made two weeks ahead of the assembly activities before it arrives at the final destination. The forecasting amount for two weeks may not be 100% accurate. The number may be wrong. If the housing manufacturing time can reduce within one week or even shorter, the risk can be greatly reduced, as the forecasting quantity is smaller. The company can hold fewer inventories. Most likely, the number and type of housing being forecasted will be needed eventually. In other words, the company will not make any useless housing of the wholesale LED spotlight products. This can prevent putting the company in difficulties.
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LED light, LED tube, LED bulb, LED lighting, MR16 LED spot bulb, AR111 LED spot bulb, wholesale LED spotlight, LED light supplier, speed objective,
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