The time between when an order is placed and when it is expected to arrive is the ____,when demand is certain.

Question

Quizplus · Accepted Answer

Lead time is the time between placing an order and its expected delivery, assuming demand for the product is certain. Reorder point is the level of inventory at which a new order is placed, backorder is when a customer places an order but the item is temporarily out of stock, schedule receipt is the planned delivery date of an order, and on-hand time is the amount of time a product is available for sale in inventory.

The Time Between When an Order Is Placed and When