What is lead time?
A) The time it takes for a new product to progress through the life cycle
B) The amount of time it takes for a vendor to negotiate price with buyers
C) The time it takes retailers to gain customer loyalty
D) The amount of time it takes to develop product assortment in the assortment planning process
E) The time from recognizing that an order needs to be placed and the point it arrives in the store ready for sale

Question

Quizplus · Accepted Answer

Lead time refers to the time span from when an order is recognized as needed until it is received and ready for sale, typically in a retail or supply chain context.

What Is Lead Time