In purchasing, lead time is the estimated time between ordering goods and receiving the goods. For instance, if 100 units of Product X are ordered on April 11 and are expected to be received on April 25, the lead time is 14 days.
The estimated lead time is one of the factors used in calculating the reorder point of items carried in inventory.
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For the past 52 years, Harold Averkamp (CPA, MBA) has
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