procurement lead time
The interval in months between the initiation of procurement action and receipt into the supply system of the production model (excludes prototypes) purchased as the result of such actions. It is composed of two elements, production lead time and administrative lead time. See also administrative lead time; initiation of procurement action; level of supply; production lead time; receipt into the supply system.

Military dictionary. 2000.

Look at other dictionaries:

  • administrative lead time — The interval between initiation of procurement action and letting of contract or placing of order. See also procurement lead time …   Military dictionary

  • production lead time — The time interval if the item is under production as of the date of contract placement. See also procurement lead time …   Military dictionary

  • Procurement — is the acquisition of goods and/or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location.… …   Wikipedia

  • initiation of procurement action — That point in time when the approved document requesting procurement and citing funds is forwarded to the procuring activity. See also procurement lead time …   Military dictionary

  • Government procurement in the United States — is based on many of the same principles as commercial contracting, but is subject to special laws and regulation as described below. Persons entering into commercial contracts are pretty much free to do anything that they can agree on. Each… …   Wikipedia

  • Forward Commitment Procurement — (FCP) is a procurement model that can be used to deliver cost effective environmental products and services to the public sector and help to create the market conditions in which the environmental goods and services sector can thrive.The model… …   Wikipedia

  • total materiel assets — The total quantity of an item available in the military system worldwide and all funded procurement of the item with adjustments to provide for transfers out of or into the inventory through the appropriation and procurement lead time periods. It …   Military dictionary

  • level of supply — The quantity of supplies or materiel authorized or directed to be held in anticipation of future demands. See also operating level of supply; order and shipping time; procurement lead time; requisitioning objective; safety level of supply;… …   Military dictionary

  • receipt into the supply system — That point in time when the first item or first quantity of the item of the contract has been received at or is en route to point of first delivery after inspection and acceptance. See also procurement lead time …   Military dictionary

  • requisitioning objective — The maximum quantities of materiel to be maintained on hand and on order to sustain current operations. It will consist of the sum of stocks represented by the operating level, safety level, and the order and shipping time or procurement lead… …   Military dictionary

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