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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.
Discuss why has direct marketing continued to grow? Using Internet technology to improve business processes • Discuss how this technology can unlock new business opportunities •
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maximization Z= 5x + 2y x y x+y
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