Safety lead time,
Definition of Safety lead time:
Used to order raffle supplies from suppliers of goods or raw materials. Provides security buffers so that location delivery is not delayed and customer delivery is delayed. Security lead time can be calculated based on past experience with a particular material, supplier or industry supply / demand and is then loaded into the Material Requirements Planning (MRP) system for use. This technique can be used in combination or as an alternative to security stock (on-site storage).
Meaning of Safety lead time & Safety lead time Definition