In logistics and supply chain management, an error budget defines the acceptable deviation from agreed performance targets—such as on-time delivery, order accuracy, or inventory management—within a measurement period.
Source: https://en.wikipedia.org/wiki/Error_budget
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.