I'm trying to understand a specific term in the context of supply chain management. Specifically, I'm wondering about the meaning of OLT. Could someone explain what this acronym stands for and how it's relevant in a supply chain setting?
5 answers
Valentino
Fri Nov 15 2024
The Quote Order Lead Time, also known as OLTQuote, is a crucial aspect in supply chain management.
SolitudeNebula
Fri Nov 15 2024
This contract serves as a legal document that binds both parties to fulfill their respective obligations within the agreed timeframe.
Tommaso
Fri Nov 15 2024
It represents the agreed duration between two key points in time related to an order.
KpopHarmony
Fri Nov 15 2024
Specifically, it starts from the Order Entry Date, which marks the initial point when an order is placed.
Eleonora
Fri Nov 15 2024
The end of this time frame is the supplier's committed delivery date, as outlined in the supply chain contract.