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

#title.business ethics., coca cola textbook.pdf 5653K View Download Eas...

coca cola textbook.pdf 5653K View Download Eassy and Project.png 138K View Download

Explain ethical decision you had to make, Ethics, trust and integrity are o...

Ethics, trust and integrity are often challenged in an investment banking job. Look at the sub prime crisis, the near collapse of the mortgage giant, Fannie Mae, and the restatemen

Question, What role should external factors of demand play in successful bu...

What role should external factors of demand play in successful business models?

Small Scale Business, What are the definitions of experts on Small Scale Bu...

What are the definitions of experts on Small Scale Business?

Describe resource based view, Nicholas Carr suggests that the "technology's...

Nicholas Carr suggests that the "technology's potential for differentiating one company from the pack - its strategic potential - inexorably declines as it becomes accessible and a

Discuss the qualities and attributes of an ethical leader, Question : C...

Question : Contemporary corporate governance requires ethical leadership. (a) Show the qualities and attributes of an ethical leader. (b) It is now advocated that corpora

Who needs public relation, Who needs Public Relation? a) Businesses ...

Who needs Public Relation? a) Businesses b) Non-profit Organizations c) Educational Institutions d) Government Organizations e) Sports Teams and Leagues f)  Ente

Performance of ernest and young in business, Performance of Ernest & Young...

Performance of Ernest & Young in the Industry Earnest and Young is performing well in the professional service industry, because it mainly use the innovative product concept

Kaizen concept, Kaizen is the Japanese term for continuous improvement. Th...

Kaizen is the Japanese term for continuous improvement. The kaizen concept was pioneered by in Japan by Toyota as a daily challenge to all its employees to improve their process

DIESEAL, critically analyse diesel''''s marketing mix strategies

critically analyse diesel''''s marketing mix strategies

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