ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How can a company reduce lead time?
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Computer Systems
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Face-to-Face Interactions
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Paper Transactions
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Increasing Inventory
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Explanation:
Detailed explanation-1: -Eliminate Non-value-adding Activities. Eliminate Unreliable Vendors. Select Vendors That Are Close. Inform Vendors of your Demand Forecasts. Increase your Capabilities. Automate Order Processing Workflows. Complete Several Processes Simultaneously. More items
Detailed explanation-2: -What is Lead Time Reduction? It includes all measures to minimize the time taken from the manufacturing facility to the merchant or customer. Through this process, manufacturers and retailers are taking steps that improve consumers’ access to a broader range of products and reduce costs.
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