The Lag from Ordering an Item Until It Is Received

question 97

Multiple Choice

The lag from ordering an item until it is received and ready for use or sale is referred to as

• A)order cycle time.
• B)order handling time.
• C)order-to-ship duration.
• D)purchase cycle.
• E)logistics cycle

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Definitions:

Control

The process of setting standards, measuring actual performance, and taking corrective action to ensure that objectives are achieved in an organization.

Production Targets

Specific goals set for the amount of products to be produced within a certain timeframe, guiding the production process and resource allocation.

Correction Actions

Measures taken to rectify problems identified during the monitoring and controlling of a project or process.

Planning

The process of making plans for something, including strategies, operations, and resource allocation.