👉 The term "leeway" in the context of management, particularly in the area of supply chain management, refers to a margin that is allowed for deviations from planned or required standards. In a supply chain setting, this could mean allowing for some degree of flexibility in scheduling and production schedules, which can be important when dealing with tight deadlines or unexpected changes in market conditions. For example, a manufacturer might allow for "leeway" in the amount of lead time between orders to ensure that the company
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What is the definition of Leeways? 🙋
👉 A leeway is a method of specifying or accounting for some aspect of an issue, process, etc. that might not be immediately apparent to someone who is not familiar with it. It can also refer to the act of altering or changing one's position in a situation. For example, a leeway might allow individuals to take a break from their work while they go on vacation or attend an event, rather than being forced to stay at work for the duration of the trip or event.
