The time period between placing an order its receipt in stock is known as
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it is known as Lead time ...
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The time period between placing an order its receipt in stock is known as lead time
Explanation:
- The lead time is the time applicable from the time the order is placed for the purchase of inventory. Thereafter the time which is taken by the supplier for supplying the inventory. It is the delay in the supply chain which is taken into account.
- Lead time starts from the processing of the order and it is what the companies take into account during their process of performance of a supplier in the supply chain management. The lead time are taken into account for the processing stage in the manufacturing process.
- The manufacturing lead time for a product entails the total time that is taken for manufacturing the good. It requires all the resources and raw materials to be in stock for its manufacturing
To know more about lead time
In purchase inventory model, the variation in demand during lead time (average lead time) is known as
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