Explain about the term lead time, Business Management

Assignment Help:

Explain about the term Lead Time.

Lead Time:

It is the time which takes the stock to reach through Re-order point to minimum stock level. This may be also described as the time which elapses between the voicing of a requirement for anything and the time taken to satisfy the requirement. When one order is placed today and after 40 days this is fulfilled, in that case 40 days period is the lead time. Therefore, it demonstrates that order must be placed 40 days previous. Lead time finds out the amount of material to be maintained in reserve. When the lead time reduces, the reserve stock also reduces and vice-versa. Hence, the lead time analysis is very essential and the attempt must be made to decrease this period.


Related Discussions:- Explain about the term lead time

Describe transaction processing systems (tps), QUESTION 1 The following...

QUESTION 1 The following are six major types of systems that serve the various organizational needs: Executive Support Systems (ESS) Management Information Systems (MI

Meaning of hyper-competitive strategies, Explain Which of the following exp...

Explain Which of the following explanations best defines the meaning of hyper-competitive strategies? Ans) ? A) Hyper-competitive methods are about how to compete in fast changi

Organizations corporate structure, Select an organization of your choice. T...

Select an organization of your choice. The organisation could be one where you work or one where a close family member, or friend, works. It is important that you have access to a

What is erp?, Question 1 What is ERP? Question 2 Discuss the Business pr...

Question 1 What is ERP? Question 2 Discuss the Business process mapping in ERP Question 3 Discuss the steps of the BPR method Question 4 Explain why Quality management is

Methods for delivering a presentation, QUESTION (a) Describe the four m...

QUESTION (a) Describe the four methods for delivering a presentation and explain which type of delivery is the most appropriate. (b) The first step in planning a presentatio

Discuss about the policy and operative managerial decisions, Discuss about ...

Discuss about the policy and operative managerial decisions. Policy and Operative decisions: Policy decisions are very significant, they are occupied by top management, a

Policies and proffessional practice in Education., Please I need help on my...

Please I need help on my Education assignment. (B.ed). Pls if I submit it Aug 28th, when can I receive it?

Business Leadership, In a paper of 750-1,000 words, describe the strategic ...

In a paper of 750-1,000 words, describe the strategic marketing process and its three key phases of planning, implementation, and control. Address the following: How does the mark

Business Capstone Course, Management Research Paper Week 3: Locate Sources...

Management Research Paper Week 3: Locate Sources, Prepare an Outline and Identify a Successful Corporation and/or Individuals Part I. Sources Deliverable: Conduct a search of the

SPREADSHEETS, CREATE A MANAGER SUMMARY REPORT THAT INCLUDES HEAD COUNT AND ...

CREATE A MANAGER SUMMARY REPORT THAT INCLUDES HEAD COUNT AND SALARY BY MANAGER

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd