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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.
What is Cube per order index policy, and state any real life application to this warehouse policy.
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Make one solid recommendation for how the organization you researched could become more productive by applying one of the lessons learned. Explain your rationale.
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