The time between placing an order and receiving it. It sets when you must reorder and how much stock you must hold in between.
The time between placing an order and receiving it. It sets when you must reorder and how much stock you must hold in between.
Lead time is quoted by the supplier and paid for by you. A lead time that quietly stretches by two weeks is a stock-out that arrives as a lost account.
Every term here is one the protocol actually uses, defined for somebody who was never taught it — with the part that usually goes wrong. All terms →