Question: Does the brand have policies in place to ensure reasonable lead times and reasonable and sustainable order placement?
Answer:
No
7453345
Project JUST Research Group
Sustainable lead times
2019
Unverified - Added by Community
updated almost 3 years ago by Singh Anjali

The company report that its lead times are long however mentioned a reduction in lead times.

Annual Report 2019, pg. 7

"We have an extended design and manufacturing process, which involves the initial design of our products, the purchase of raw materials, the accumulation of inventories, the subsequent sale of the inventories, and the collection of the resulting accounts receivable. This production cycle results in significant liquidity requirements and working capital fluctuations throughout our fiscal year. Because our production cycle typically involves long lead times, which requires us to make manufacturing decisions several months in advance of an anticipated purchasing decision by the consumer, it is challenging for us to estimate and manage our inventory and working capital requirements.

We seek to manage our inventory levels by considering existing customer orders, forecasted sales and budgets, and the delivery requirements of our customers. As part of our operating profit improvement plan, we have implemented systems and processes designed to improve our product forecasting, inventory control and supply chain management capabilities. In addition, added discipline around product purchasing decisions, the reduction of production lead times, and the sale of excess inventory through our liquidation channels, are key areas of focus that we expect will further enhance inventory performance."

Singh Anjali.....2021-07-03 10:39:43 UTC