AQA GCSE Business · 8132
Paper 1, Paper 2
Revise: E-commerce and Digital CommunicationQuicker communication can reduce delays, shorten lead times and help operations run more efficiently.
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GCSE Business · key term
The time between placing an order and receiving it.
Used by AQA, Edexcel and OCR
Paper 1, Paper 2
Revise: E-commerce and Digital CommunicationQuicker communication can reduce delays, shorten lead times and help operations run more efficiently.
Specification 2.3.2 · Paper 2
The time between placing an order and receiving its delivery.
Revise: Managing Stock: Bar Gate Graphs and JITLead time: the time from placing an order to receiving it.
Paper 2
The time between placing an order with a supplier and receiving the goods.
Revise: Impact of Logistical DecisionsLead time is the time between placing an order and receiving it. A short lead time helps a business respond quickly when demand increases. For example, a retailer that can replenish a popular product quickly is less likely to run out and lose sales to competitors.
Read both axes and their scales before identifying stock levels or lead time.
Measure lead time horizontally from the order being placed to the delivery arriving, not from one delivery to the next.
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