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Lead Times & Concept of Elasticity

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Question: Lead times have sometimes been called "rubbery." What accounts for this concept of elasticity in lead times?

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Lead time means how long it takes to get something from the time it has been ordered. Lead times are sometimes "rubbery" because of unanticipated delays. For instance, if a plant is manufacturing a product, but runs out of a critical ...

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  • Ed.D, Boise State University
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