ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The purchase-order lead time is the ____
|
|
time between placing an order and its delivery
|
|
|
time between receiving a customer order and producing the products
|
|
|
) time between receiving a customer order and delivering the items
|
|
|
time required to correct errors in the defective products
|
Explanation:
Detailed explanation-1: -The term purchase order lead time (POLT) refers to the number of days it takes between the time that a company orders production inputs and the time those items arrive at the manufacturing plant. Put simply, a purchase order lead time is the estimated time it takes to receive an order after it is placed.
There is 1 question to complete.