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This is the time gap between placement of an order and the time of actual supply. The determination of lead time is a complicated matter.
It is of core significance in determining the stock level.
Lead time + servicing Time + Delivery Time + Receiving Time.
The minimum maximum and average lead times differ from unit to unit and time to time. It is a procurement cycle.
QUESTION 1 (a) What is communication? (b) Describe the communication process and explain the importance of each of the steps. (c) Identify the barriers at each step.
the angency refers to which of the following
#what is a goverment compony&futures of advantages& disadvantages
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