In the context of managing inventories in supply chains,__________is the time between placement of an order and its receipt.
A) The lead time
B) A time series
C) The changeover time
D) A time horizon

Question

Quizplus · Accepted Answer

The lead time is defined as the time it takes from placing an order to receiving it. Therefore, option A is the correct answer. Option B refers to a sequence of data collected over a period of time. Option C refers to the time it takes to switch from producing one product to another, while option D refers to the length of time that a forecast or analysis is conducted for.

In the Context of Managing Inventories in Supply Chains,__________is the Time