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Explain the specification of lead time.
Lead Time has:
(i) Time to place the order and to process the enquiries.
(ii) Time to send the order to the supplier.
(iii) Time for the supplier to complete the order.
(iv) Transportation time to reach the purchaser.
Lead time is to be occupied into consideration for setting the minimum, maximum and the order quantities for all time.
Determine the Layout Decision Consider a layout decision which has been made in your own organisation. How was the layout devised? What were the key issues?
SSME is an acronym standing for "Service Sector Management Economics."
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