The period of time between placing an order for supplies and receiving the material is called ________.
A) process forecast
B) run time
C) lead time
D) lag time
E) procurement delay

Question

Quizplus · Accepted Answer

A)The period that elapses between placing the supply order and receiving materials is referred to as a product's lead time. A company must always have enough supplies on hand to cover a product's lead time.
B)The period that elapses between placing the supply order and receiving materials is referred to as a product's lead time. A company must always have enough supplies on hand to cover a product's lead time.
C)The period that elapses between placing the supply order and receiving materials is referred to as a product's lead time. A company must always have enough supplies on hand to cover a product's lead time.
D)The period that elapses between placing the supply order and receiving materials is referred to as a product's lead time. A company must always have enough supplies on hand to cover a product's lead time.
E)The period that elapses between placing the supply order and receiving materials is referred to as a product's lead time. A company must always have enough supplies on hand to cover a product's lead time.

The Period of Time Between Placing an Order for Supplies