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a. Work in process time b. The time gap between placing of the order and procuring the material c. The period in which a whole lot of inventory is consumed d. The time finished goods lie as inventories e. The time gap between two orders
Ans. b
The time Between Placing an Order and Receiving Goods
placing an order till material arrived at store
Time gap between placing and receiving of orders.
Lead time implies "Time involved in initiation of transaction till its final execution". Hence for supply chain management, Lead time will be "Time of placing order" to "Receiving the supply" at stores.
b.
Im confused little bit.
Lead time - Time required for the supplier to manufacutre the time from the date of placing the order.
Transit lead time : Time required for moving the item frm supplier end to customer end
lead time is the time taken from order taking to order fulfilment
b. The time gap between placing of the order and procuring the material
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