Explain in details how shortening of lead time could lessen

Explain in details how shortening of lead time could lessen the reliance on forecasts?

Solution

Lead time: - Lead time is the time period of product from manufacturing to finish product or to deliver of product to the customer.

If you lessen your lead time than it affect your reliance on forecast because of several reason. And reasons are given below.

Explain in details how shortening of lead time could lessen the reliance on forecasts?SolutionLead time: - Lead time is the time period of product from manufact

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