What is PURCHASING LEAD TIME?

This is the time between placing an order from a supplier and receiving the items from the supplier. It can include preparation of orders, packaging, freight to the buyer and gthe time taken to redy the purchased products for sale.

More On This Topic



Link to This Definition
Did you find this definition of PURCHASING LEAD TIME helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary