What is lead time?
A) The period of time between shipment of ordered goods and receipt
B) The time required by customers for receipt of goods purchased
C) The period of time between the ordering of a product and its receipt
D) The maximum time inventory is to remain on the shelf

Question

Quizplus · Accepted Answer

Lead time is the period of time between the ordering of a product and its receipt. This includes all the processes involved, such as production, shipping, and handling. It is important for businesses to manage their lead time effectively to ensure that they can meet customer demand and minimize inventory costs.

What Is Lead Time