Question: Uncertainty is defined as: After an order is placed, it usually takes time ( lead time ) to receive the goods. Inventory can be used

Uncertainty is defined as:
After an order is placed, it usually takes time (lead time) to receive the goods. Inventory can be used to ensure business continuity during these delays.
Lead time, demand, supply, and other supply chain characteristics may be subject to uncertainty: inventory is then maintained as a buffer to hedge against this uncertainty.
A pure lean approach, i.e. "one unit at a time at a place where a user needs it, when (s) ne needs it" typically incurs lots of costs in terms of logistics.
None of the above
 Uncertainty is defined as: After an order is placed, it usually

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!