What is 'replenishment lead time' in SAP SRD-SCM-SCP - SCM-Supply Chain Planning and Control?

replenishment lead time - Overview

• Component: SRD-SCM-SCP

• Component Name: SCM-Supply Chain Planning and Control

• Description: The amount of time between deciding to reorder a product and when it is back in stock and ready to use.

replenishment lead time - Details

• 
  Key Concepts: 
  Replenishment lead time is the amount of time it takes for a product to be replenished after it has been sold. It is a key component of supply chain planning and control in SAP. It is used to determine the optimal amount of inventory to keep on hand in order to meet customer demand. 
  
  How to use it: 
  In SAP, replenishment lead time is used to calculate the optimal amount of inventory to keep on hand. This calculation takes into account the lead time for ordering and receiving new inventory, as well as the expected demand for the product. The replenishment lead time can be adjusted based on the customer's needs and preferences. 
  
  Tips & Tricks: 
  It is important to accurately estimate the replenishment lead time in order to ensure that there is enough inventory on hand to meet customer demand. It is also important to monitor customer demand and adjust the replenishment lead time accordingly. 
  
  Related Information: 
  Replenishment lead time is closely related to other supply chain planning and control components such as safety stock, reorder point, and order quantity. Understanding how these components interact with each other can help optimize inventory levels and reduce costs.