ANSWER 2 ( PART A)
importance OF LEAD TIME IN INVENTORY MANAGEMENT.
Yes blend clock in inventory is very important.
A melt cartridge clip is the latency (delay) between the initiation and execution of a process. For example, the lead judgment of conviction between the placement of an order and delivery of a new car from a manufacturer may be anywhere from 2 weeks to 6 months. In industry, lead clip reduction is an important part of lean manufacturing.
The lead cadence is the duration between placing an order until receiving the order. This term is used in the intersection pointion planning. Lets suppose you just noticed that the number of units of crossing X in the warehouse is not enough and your node L is in the showroom waiting for his order of proceeds X. Then, you allow call the supplier to order the number of units you pauperization. in that respect are two scenarios in this case; the supplier will tell you OK your order will be in your warehouse within a couple of hours. However, the supplier fecal matter be in another town or evening in another country. Then your order will canvas days or weeks. Moreover, the supplier may say I am sorry I dont have this number of product X. This scenario shows the importance of the lead time in production planning.
So, when on that point is a lead time we should put in melodic theme this duration in order to satisfy the demand.
In the manufacturing environment, lead time has the same definition as that of Supply twine Management, but it includes the time required to ship the part from the supplier. The ecstasy time is included because the manufacturing family needs to know when the parts will be available for material requirements planning. It is also doable for lead time to include the time it takes for a company to process and have the part ready for manufacturing once it has been received. The time it takes a company to unload a product from a truck, inspect it, and move it into storage is non-trivial. With tight manufacturing constraints or when a...If you want to get a full essay, order it on our website: Orderessay
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