lead time and responsiveness
What lead time and responsiveness means in Business A-Level, as defined for AQA.
Definitions of lead time and responsiveness
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Reference: AQA
Short lead times are needed where demand is volatile or rivals compete hard on price, and long overseas lead times may require buffer stock.
Lead times of several weeks destroy responsiveness in fashion and electronics, which is one reason re-shoring has grown.
Topics that use lead time and responsiveness
- Assessing globalisation and internationalisation (AQA A-Level)
- Operational management (AQA A-Level)
Related terms
- competitive rivalry
- labour productivity
- application to a named business
- capacity and flexibility
- conflicting functional objectives
- contribution per unit
- cost against conscience
- cost leadership
Using lead time and responsiveness in the exam
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