Lot size one: small quantities, big benefits
Today’s consumers – both in B2C and B2B contexts – don’t want ‘one size fits all’. They buy custom Nike trainers and furniture made on demand. Firms ask their suppliers for branded packaging and tailor-made services, and they want it delivered at the right time – the time that suits them best. As a result, companies that want to stay ahead of the curve have to swap their ‘one size fits all’ processes for a ‘lot size one’ approach. A logistical nightmare? Not necessarily!
Lot size one refers to a small quantity (‘one’) of goods ordered for delivery on a specific date or manufactured in a single production run.