The Language of Logistics

Edward H. Frazelle, Ph.D.

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LPMH lines per man-hour LS lot size LSC lost sales cost (sales lost due to lack of inventory availability) LSI lot size inventory LSIV lot size inventory value LSO large scale optimization LSP logistics service provider LSS lean six-sigma LT (1) leadtime (2) local time (3) long ton LTD leadtime demand LTFE leadtime forecast error logistics service provider (LSF) another name for a third-party logistics provider LTFE% leadtime forecast error percent

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