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Explain the specification of lead time.
Lead Time has:
(i) Time to place the order and to process the enquiries.
(ii) Time to send the order to the supplier.
(iii) Time for the supplier to complete the order.
(iv) Transportation time to reach the purchaser.
Lead time is to be occupied into consideration for setting the minimum, maximum and the order quantities for all time.
How should foster position herself and her team prior to raising a follow-on fund?
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What is the major difference between aggregate planning in manufacturing and aggregate planning in services? Provide and explain to examples.
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