Industrial

We help you discover the technical terms and acronyms of the Logistics and Supply Chain Management industry.

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Total Cost of Ownership

This is the sum of all the costs incurred for the design, construction and management of a point of sale.

Total lead-time

The total time that elapses between the decision to issue a replenishment order and when the goods become available for use. This is the sum of the Order Lead Time, the Purchasing Lead Time, the Transit Time and the Goods Inward Lead Time phases for a replenishment order.