Question:
The lead time is defined as:
The lead time is defined as:
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Lead time is essential in determining reorder point: \(ROP = \text{Demand} \times \text{Lead time}\).
Updated On: May 22, 2026
- The time between placing an order and its delivery
- The time between two consecutive placements of order
- The time between replenishment and zero stock
- The time between placing an order and zero stock
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The Correct Option is A
Solution and Explanation
Concept:
Lead time is a crucial parameter in inventory control and production planning systems. It directly influences reorder point and safety stock.
Step 1: Define lead time precisely.
Lead time is the total time interval between: \[ \text{Placing an order} \rightarrow \text{Receiving the order} \]
Step 2: Break down components of lead time.
Lead time may consist of:
• Order processing time
• Manufacturing time
• Packaging time
• Transportation time
• Delivery handling time
Step 3: Analyze each option carefully.
• Option (1): Correct definition
• Option (2): Refers to ordering cycle
• Option (3): Related to stock depletion
• Option (4): Incorrect interpretation
Step 4: Conclude.
Only option (1) matches standard definition. Final Answer: \[ \boxed{\text{Time between placing an order and its delivery}} \]
Step 1: Define lead time precisely.
Lead time is the total time interval between: \[ \text{Placing an order} \rightarrow \text{Receiving the order} \]
Step 2: Break down components of lead time.
Lead time may consist of:
• Order processing time
• Manufacturing time
• Packaging time
• Transportation time
• Delivery handling time
Step 3: Analyze each option carefully.
• Option (1): Correct definition
• Option (2): Refers to ordering cycle
• Option (3): Related to stock depletion
• Option (4): Incorrect interpretation
Step 4: Conclude.
Only option (1) matches standard definition. Final Answer: \[ \boxed{\text{Time between placing an order and its delivery}} \]
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