Inventory management

Inventory management

The branch of management that identifies inventory requirements, sets targets, provides replenishment strategies and reports actual and projected inventory status.

Industry: Business administration

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Inventory management

variable lead time

Business administration; Inventory management

A lead time that changes or is not fixed. When describing supplier lead time, variable lead time means that the lead time from the supplier changes based on its current workload and capacity. Within ...

lead time

Business administration; Inventory management

The amount of time required for a product to be available for use from the time it is ordered. Lead time usually includes purchase order processing time, supplier processing time, in transit time, ...