Determining lead time, Business Management

This is the time gap between placement of an order and the time of actual supply. The determination of lead time is a complicated matter.

It is of core significance in determining the stock level.

Lead time + servicing Time + Delivery Time + Receiving Time.

The minimum maximum and average lead times differ from unit to unit and time to time. It is a procurement cycle.

Posted Date: 3/26/2013 2:54:52 AM | Location : United States

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