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Lead times/Cycle times

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  • Lead times/Cycle times

    1) A span of time required to perform a process (or series of operations). 2) In a logistics context, the time between recognition of the need for an order and the receipt of goods. Individual components of lead time can include order preparation time, queue time, processing time, move or transportation time, and receiving and inspection time.

    Source: www.apics.org
    Is profit made when you buy or when you sell?
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