A supply manager Is assigned to a new product similar to products the firm has...

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.