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

Process planning and control, With the best of process planning and cont...

With the best of process planning and control certain defect may still be revealed during assembly or in final inspection. In that situation proper investigation must be

Test marketing & FMCG, explain the various approaches that are followed by ...

explain the various approaches that are followed by FMCG companies in test marketing

E commerce, explain the generic framework of ecommerce with diagram

explain the generic framework of ecommerce with diagram

Time management wizard, Problem Organisations and individuals could der...

Problem Organisations and individuals could derive great benefits from an all-in-one Time Management Wizard. Although there exist various tools such as Calendars and Timesheets

Your own business strategy, how would i analyze my company product for six ...

how would i analyze my company product for six semester

Briefly describe the concept of sustainable development, Question: a) ...

Question: a) Briefly describe the concept of sustainable development. b) Briefly discuss the mandate of the Environment coordination committee set up under the Environment

Business model and designing a web strategy, Creating a New Internet Busine...

Creating a New Internet Business Here is a list of new businesses that could benefit from using the Web, listed. Select one of the businesses from this list and develop an Inte

What do you meant by the term job satisfaction, Question 1: (i) What do...

Question 1: (i) What do you meant by the term "Job Satisfaction" ? (ii) Discuss the importance of Job Satisfaction in an organisation. Question 2: (i) Differentiate

What are the some affected factors in morale, What are the some affected fa...

What are the some affected factors in Morale? Several affected factors in Morale are as follows: a. Organisational efficiency b. Objects of the organization, which is, wh

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