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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.
Definitions of Performance Measurement 1. The first step in a business measurement process is to define the content and objectives of the business - this will help reveal whet
explain the series of steps involved and various factor effecting location decion?
explain the concept and practice of corporate social responsibility (CSR).
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