One of the benefits of EDI is that it can reduce lead time,which is
A) the time between the decision to place an order and the receipt of the merchandise.
B) the time from when an RFP is announced to the time a consumer purchases the finished product.
C) the time from when funds are committed for purchase of raw materials to the time when the payment for the finished goods is actually received.
D) the time between when finished goods leave the manufacturer and when they arrive,floor-ready,at the retailer.
E) the time between when an item is sold to a customer and when a replacement is made available for purchase by another customer.

Question

Quizplus · Accepted Answer

Lead time refers to the time it takes for an order to be fulfilled, from the decision to place the order to the receipt of the merchandise. EDI can reduce lead time by streamlining communication between trading partners and automating processes such as order placement, confirmation, and shipment tracking. This can reduce the time it takes for orders to be processed, shipped, and received, resulting in faster turnaround times and improved customer satisfaction.

One of the Benefits of EDI Is That It Can