Lead time is the number of days it takes for you to prepare and process the purchase order, the vendor to ship the material, and your warehouse to receive the material. Every product requires a lead time for calculating:
The Update Demand Forecast program calculates a product's lead time based on lead time parameters. In order for the system to calculate these items accurately, you must enter parameters for products or buy lines. If no parameter is set, the system uses a default setting through the control maintenance record program. You can also enter overrides for lead times at the product level and the buy line level.
Use the following control maintenance records to set parameters:
See Also: