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Lead time refers to the amount of time it takes for a product to go from the initial order placement to its final delivery to the customer. In ecommerce, understanding lead time is key for efficient inventory management and customer satisfaction. Firstly, it directly impacts inventory management.
Bon-Ton’s implementation will include the UltraShipTMS Core platform as well as Ultra’s LoadFusion freight/routeoptimization tool and yard management tool, UltraYMS. Once fully implemented, UltraShipTMS will improve visibility into Bon-Ton’s inbound shipments as they make their way to the company’s distribution centers.
The objective of the VRP is to minimize the total route cost.” ” Based on this definition it is very consistent with the Industrial Engineering curriculum of my youth. The objective is for the salesman to traverse all nodes on a single route at minimum cost, while starting and finishing at the depot.
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