Lead Time: Difference between revisions
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{{Learning concept | {{Learning concept | ||
|Description= | |Description=Lead Time in purchasing systems, the time between placing an order and receiving it; in production systems, the wait, move, queue, setup, and run times for each component produced. | ||
|Wikipedia reference=http://en.wikipedia.org/wiki/Lead_Time | |Wikipedia reference=http://en.wikipedia.org/wiki/Lead_Time | ||
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Latest revision as of 15:26, 26 February 2014
Description
Lead Time in purchasing systems, the time between placing an order and receiving it; in production systems, the wait, move, queue, setup, and run times for each component produced.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Lead Time
Learning Material
Covered in Topic(s)
| Inventory Management |
| Simulation |