Asked by Colton Weatherwax on May 09, 2024
Verified
Reduced order cycle time has become an important part of supply chain management since it can lead to lower inventory levels for customers, improved cash flow, lower current assets, and accounts receivable.
Order Cycle Time
The total time taken from the moment a customer places an order until the product is delivered, reflecting the efficiency of a supply chain.
- Understand the impact of reduced order cycle times on supply chain management.
Verified Answer
MM
Mikus McKayMay 13, 2024
Final Answer :
True
Explanation :
This statement is true. Shortening the order cycle time can have several benefits for the supply chain, including reduced inventory levels, improved cash flow, and lower current assets and accounts receivable.
Learning Objectives
- Understand the impact of reduced order cycle times on supply chain management.
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