The time interval necessary to either manufacture or purchase an item is its ______________.
A) time fence
B) lead time
C) safety time
D) time bucket
E) receipt time

Question

Quizplus · Accepted Answer

Lead time is the time required to either manufacture or purchase an item. Time fence refers to the period of time during which changes to the production schedule are not allowed. Safety time is an extra amount of time added to the lead time to account for uncertainties. Time bucket refers to the interval of time in which production is planned or measured. Receipt time refers to the time it takes to receive goods after they have been ordered.

The Time Interval Necessary to Either Manufacture or Purchase an Item