Lead time is the total time required to manufacture a product, including the order preparation time, queue time, setup time, process time, movement within factory, inspection time, and placement in inventory. An inventory cycle begins once a product is placed in inventory. The number of times that inventory cycles per year is known as which of the following:

Question

Quizplus · Accepted Answer

Once a product is placed in inventory, the number of times that inventory cycles per year is the inventory turn. Inventory turn is one of the four key lean measures for lead time, along with cycle time, manufacturing lead time, and TAKT Time.

Lead Time Is the Total Time Required to Manufacture a Product