PROCUREMENT is
A WHOLESALER is
A RETAILER is bussiness
LEAD TIME is the time
JIT - JUST IN TIME is a concept
CUSTOMER ORDER CYCLE TIME is the time
customers are prepared to wait for the delivery of their order.
the purchasing of goods (materials, parts, supplies, equipment) required to run an enterprise.
of reducing inventories by co-ordinating the detivery of materiats just before they are needed.
it takes to produce and supply a product.
that buys products from wholesalers ormanufacturers and resells them to the uttimate consumer.
an intermediary between manufacturers and retailers which buys in large quantities and resells in smaller quantities.