Lead Time
The time from order confirmation until goods are ready or delivered, usually split into production lead time and …
Sourcing
ODM (Original Design Manufacturer)
A manufacturing model where the factory supplies its own existing product designs, which the buyer can customize lightly …
OEM (Original Equipment Manufacturer)
A manufacturing model where the factory produces goods to the buyer's own design and specifications, often sold under …
PPS (Pre-Production Sample)
A sample made with the actual materials and process before mass production, approved by the buyer as the reference for …
RFQ (Request for Quotation)
A buyer's formal request asking suppliers to quote price and terms for specific goods, quantities and delivery …
MOQ (Minimum Order Quantity)
The smallest quantity of a product a supplier is willing to produce or sell in a single order.