Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company. Lead Time = Wait time + Process time + Queue time + Move time + Inspection Time Wait time – Wait time refers to the time the product has to wait before the actual production begins. Queue time – Queue time refers to the time the product spends waiting in a queue to be processed. Move time – Move time refers to the time the product spends moving from one process to another. To Suggest: Changes in the process to reduce the lead time.

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Chapter 26, Problem 1ADM

To determine

Lead Time: Lead time is the time consumed for the creation of a product. It refers to the time period between the time the order is placed and the product is completed. Lesser lead time creates a more competitive edge for the company.

Lead Time = Wait time + Process time + Queue time + Move time + Inspection Time

Wait time – Wait time refers to the time the product has to wait before the actual production begins.

Queue time – Queue time refers to the time the product spends waiting in a queue to be processed.

Move time – Move time refers to the time the product spends moving from one process to another.

To Suggest: Changes in the process to reduce the lead time.

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