Which term describes the attempt to obtain urgently required materials from a supplier at premium cost?

Which term describes the attempt to obtain urgently required materials from a supplier at premium cost?

• A. Lead Time
• B. Recovery
• C. Stockless Purchasing
• D. RFP

Answer: (B)

When a buyer urgently needs materials and is willing to pay extra to speed delivery, the action described is recovering the schedule by expediting the order. This means the supplier is given priority and the order is pushed through faster—often with options like rush handling, faster shipping, or dedicating production capacity—at a premium cost. This is different from normal lead time, which is the standard time to obtain goods; it’s not about how the purchasing function is organized (stockless purchasing) or about the process used to solicit proposals (RFP). So the term capturing the act of quickly securing materials at a premium is recovery, reflecting the effort to “recover” the schedule after a delay by incurring higher costs to expedite.

When a buyer urgently needs materials and is willing to pay extra to speed delivery, the action described is recovering the schedule by expediting the order. This means the supplier is given priority and the order is pushed through faster—often with options like rush handling, faster shipping, or dedicating production capacity—at a premium cost. This is different from normal lead time, which is the standard time to obtain goods; it’s not about how the purchasing function is organized (stockless purchasing) or about the process used to solicit proposals (RFP). So the term capturing the act of quickly securing materials at a premium is recovery, reflecting the effort to “recover” the schedule after a delay by incurring higher costs to expedite.