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Lead Time:
Amount of time in days required for an item to be available for use from the
time it is ordered. Lead-time should include purchase order processing
time, vendor-processing time, in transit time, receiving, inspection, and any
pre-pack times.
When
determining the quantity of any item to be ordered the “lead time” has to be
taken into consideration, so that orders could be placed at a time when the
hospital has stock that would suffice during the Lead Time
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