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 the types of control in an organisation, Question: Mr X was ap...

Question: Mr X was appointed as the new general manager of an organisation. After working in the organisation, he observed that there was a lack of discipline among employees,

"Medical Group Practices and Public Health", 1. Imagine a life threatening ...

1. Imagine a life threatening event or a natural disaster in your community such as a severe weather event, terrorist attack, or other type of public health emergency. Propose an o

Managing Knowledge, Discuss what kind of organisational culture promotes or...

Discuss what kind of organisational culture promotes organisational learning.

Importance of effective internal and external communication, Question 1: ...

Question 1: Answer briefly to any three of the following: (a) Explain the importance of effective internal and external communication. (b) Explain how business communicat

Hospitality and tourism market, hi, Can I ask you that my ticket ID EM2018...

hi, Can I ask you that my ticket ID EM201856MAI611BM, I got an offer yesterday and I just finish payment few more minutes ago. So can I get solution on time or no? Thank you to t

Modified distribution methods, Step 1: Add to the transportation table a co...

Step 1: Add to the transportation table a column on the E? HS titled u and row in the bottom of it labelled v. Step 2: a. Assign any value arbitrarily to a row or column

Value chain analysis , I want to make a report on Value chain analysis for ...

I want to make a report on Value chain analysis for Recycle used cloth business

Minority diversity, American Express Company and Merrill Lynch and Company ...

American Express Company and Merrill Lynch and Company use African-American employees to hold workshops and networking receptions in venues such as black museums to attract black i

What is the system concept of organisation, What is the system concept of o...

What is the system concept of organisation? Explain briefly. System concept of Organisation: 1.  System is a group of independent although inter dependent tools (called

Financial management, which type of financing is appropriate to each firm

which type of financing is appropriate to each firm

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