* Understanding Lead Times: Lead time is the period between the initiation and completion of a production process.
* Consulting Suppliers: Given that the product is similar to previous products, suppliers would have historical data on lead times for similar parts.
* Accuracy of Estimates: Suppliers can provide more accurate and realistic estimates based on past experience and current production capabilities.
* Action Without Complete Drawings: Consulting suppliers does not require final engineering drawings, allowing procurement processes to begin promptly without delays.
* Minimizing Delays: This approach allows the supply manager to provide the program manager with timely information, helping to keep the project on track despite incomplete engineering diagrams.
References
* Project Management Body of Knowledge (PMBOK), Procurement Management.