This is the time gap between placement of an order and, Ask an Expert

Management Studies

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.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9532181

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