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Production management, materials management, lean management
Reklama
Lead Time is the time it takes to complete one production cycle, including the execution time and the waiting time between performing various operations during the cycle (target preparation, transport, control, receipt). Under logistics is the time between confirming the need to order and picking up the goods.
EOQ (Economic Order Quantity) in economics and management engineering is a stock management method that defines the optimum purchase quantity to minimize the total cost of material purchase and maintenance costs in the warehouse. The basis for the order is to reach the reorder point.
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