Scmt 2103 6-8

Which are components of lead time?

• Order transmittal

• Forecasting sales

• Loading onto the truck

• Waiting in the store checkout line

• Order picking

In a retail store, when does the lead time end?

• When the inventory ships from the DC

• When the inventory is received in the backroom

• When the inventory scans at point of sale

• When the inventory is stocked on the shelf

Lead time variability is really a measure of lead time ___________________.

• Creation

• demand

• magnitude

• Uncertainty

Which has the correct order of lead time processes?

• Order creation, picking, staging, transit

• Order creation, staging, transit, picking

• Order creation, staging, picking, transit

• Order creation, transit, picking, staging

Which is a common bottleneck mentioned in the video that increases lead time?

• Receiving facilities at or near capacity

• Too many holidays

• Slow checkout lines at retail stores

• Traffic congestion

Lead time is best defined as:

• The time it takes goods to be transported from one link on the supply chain to the next.

• The time between when a product is received and when it is available for use.

• The time between when an order is placed and when it is received and available for use or sale.

• The time between when a good is out of stock and when an order is placed to replenish inventory levels.

Lead time is the time between when an order is placed and the inventory is ___________________.

• Shipped

• Available to use

• Delivered

• Received

If a fulfillment center has no on-hand inventory but receives an order that cannot be immediately filled, this order represents ______________ if the customer will wait.

• Lead time

• Uncertainty

• A backorder

• On-order inventory

Safety stock increases which aspect of a continuous review policy?

• Reorder point

• Lead time

• Demand

• Both A&B

When determining when or how much to order, which inventory variable should be used?

• Back Orders

• On hand inventory

• Inventory position

• On order inventory