Lead time
What Lead time means in Business GCSE, as defined for AQA, OCR, Pearson Edexcel.
Definitions of Lead time
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Reference: AQA
The time taken before customers receive goods, which efficient logistics reduces and poor logistics extends.
The delay between ordering and receiving stock.
The amount of time that passes from the start of a process (placing an order) until its conclusion (receiving the delivery).
Topics that use Lead time
- The role of procurement (AQA GCSE)
- Working with suppliers (OCR GCSE)
- Working with suppliers (Pearson Edexcel GCSE)
Related terms
- Buffer stock
- Logistics
- Procurement
- Supply chain
- Analysing supplier choice in context
- Best value
- Brand reputation
- Consequences for operations and costs
Using Lead time in the exam
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