ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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it takes to produce and supply a product.
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customers are prepared to wait for the delivery of their order.
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Either A or B
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None of the above
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Detailed explanation-1: -In manufacturing, lead time often represents the time it takes to create a product and deliver it to a consumer. Lead time is calculated by adding any combination of the number of days to procure materials, manufacture goods, and deliver finished products.
Detailed explanation-2: -Lead Time is Cycle Time plus the additional amount of time it takes for production to begin and the time it takes to deliver the finished product.
Detailed explanation-3: -The lead time is the amount of time that elapses between placing a purchase order and receiving products. This can include manufacturing and shipping time. Days of stock is a period of time for which you would like to have enough stock, or in other words, the stock cover.
Detailed explanation-4: -The lead demand (also called lead time demand) is the total demand between now and the anticipated time for the delivery after the next one if a reorder is made now to replenish the inventory. This delay is named the lead time.