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

Advrtising, What is the role of advertising in an integrated promotional st...

What is the role of advertising in an integrated promotional strategy for Dell inc..

Modern concept of total quality management, It has been realized that ins...

It has been realized that inspection alone cannot build quality into a product unless quality has been designed and manufactured into it. Therefore quality awareness must be

Total of 4 assignments, 1st assignment with 2000 words. 2nd assignment with...

1st assignment with 2000 words. 2nd assignment with 2200 words. 3rd assignment with 820 words. 4th assignment with 2000 - 880 am expecting good pricing to start submitting my assi

What are the benefits of effective business communication, QUESTION 1 a...

QUESTION 1 a) Explain the seven elements involved in a Communication Process b) With reference to the 7C's and 4S's, explain how communication can be improved in a business

What is matrix organisation, What is Matrix Organisation? Matri...

What is Matrix Organisation? Matrix Organisation: This organization is used while an organization has to handle several of projects, ranging through small to huge.

Production process in a company, Production Process in a Company Depic...

Production Process in a Company Depicted below is the production process flow for company with timing requirement for set ups and related processes to take place for all the

Explain the principle of employee involvement, QUESTION 1 (a) Deming st...

QUESTION 1 (a) Deming stated that management need to adopt the 14 points philosophy. You are required to identify and explain these 14 points. QUESTION 2 Identify and e

Political environment analysis of car industry, Analyse the political Envir...

Analyse the political Environment of car distribution industry.

Investment strategy, Outline what investment strategy you as the investment...

Outline what investment strategy you as the investment manager might have adopted in a past time period in meeting a principal investors' objectives with an allocated fund of £1,00

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