The time span from the date an order is placed by a retailer to the date merchandise is ready for sale is known as the ________.

Question

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Order lead time refers to the time span from the date an order is placed by a retailer to the date merchandise is ready for sale. Reorder point is the level of inventory that triggers the need to reorder a product. Usage rate refers to the rate at which a product or inventory is used up or sold within a specific period, while safety stock is extra inventory kept on hand to protect against stockouts or unexpected demand spikes.

The Time Span from the Date an Order Is Placed