Question

With inventory, "lead time" is the term used to describe the Question 3 options: expiration date. preorder margin. time between buying the inventory and running out. length of time between the order and delivery of a product.

Answer 1

The correct answer is D) length of time between the order and delivery of a product. : )

Step-by-step explanation:

When calculating basic stock, you must also factor in lead time—the length of time between reordering and receiving a product. For instance, if your lead time is four weeks and a particular product line sells 10 units a week, then you must reorder before the basic inventory level falls below 40 units. If you do not reorder until you actually need the stock, you’ll have to wait four weeks without the product.

Answer 2

length of time between the order and delivery of a product.

Step-by-step explanation:

Lead time refers to the time duration from the initiation of a process to the end of its conclusion. It helps in measuring the time period involved in the completion of the process. The beginning time is the creation of the product and the end time is the delivery of the product to the customer. The availability of raw materials, transportation, and labor sources, are some of the factors that affect the lead time of the product.