The Need for Speed: Why General Contractors Should Focus On Developing a Fast Lead Time
As a general contractor, you are familiar with the idea that time is money. Considering the fact that you need to get your products to your clients in a timely manner, it only makes sense to focus on developing the speed of your business.
One of the ways you can do this is through working with L.E. Smith, as we are known for our speed in delivering quality countertops at a competitive price. As the largest single location fabricator of laminate countertops in the nation, you know you can trust our countertop manufacturer professionals for a quick turnaround time without skimping on quality. And considering that laminate is usually made of at least four materials including resin, wear layer, decorative layer, and kraft paper, this is a feat not many other companies can boast.
It goes without saying that a great lead time is something every business shoots for, but the concept is a bit complex. So to prevent confusion, here we break down a simple guide to everything that has to do with lead times.
What exactly is a lead time?
Simply put, a product’s lead time is the amount of time that passes between the start of the fabrication process and its completion. The goal of monitoring a product’s lead time is so your company can see how long it takes for the product to get into the hands of the consumer.
What is a stock out?
This is exactly what it sounds like — when a crucial component of the finished product is out of stock, it will affect your lead rate. A number of conditions can affect this, depending on the stock needed, the company’s replenishment rate, or even waiting for the inventory.
Buying domestically vs internationally
Many consumers take pride in buying items that are made in the United States. And when you buy domestically, you will have a shorter lead time as you don’t have to wait for the material to be shipped overseas.
Good for sales
In short, a decreased lead time will boost sales exponentially because more often than not, your customer wants their product right away. The less time they have to wait for their product, the happier they will be!
L.E Smith is a countertop manufacturer you can trust. If you are interested in learning more about implementing our laminates or quartz into your home, contact us today for a free webinar tour of SQUAD, our countertop quoting software.