ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Transportation time
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Logistics time
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Distribution time
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Order cycle time
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Detailed explanation-1: -In business, lead time is often used to describe the amount of time it takes to process an order, manufacture a product, delivery a good, or a combination of these processes.
Detailed explanation-2: -What is order cycle time? Order cycle time refers to the average time taken to ship out an order from the time it was placed, excluding the actual shipping time. This makes it one of the most important KPIs to track in your order fulfillment process as it helps you measure the efficiency of your operations.
Detailed explanation-3: -A customer order cycle takes place when orders are processed, prepared, and shipped. For retail, the customer is often picking orders from the store inventory (shelves), which represents the point of final demand.