LIFR (Line Item Fill Rate) - Definition & Meaning
What is LIFR (Line Item Fill Rate)?
LIFE or line item fill rate is a measure of the ratio of the actual orders filled in terms of parallel arrangements or lines.
Example:
Suppose there are 5 lines which require 100 units each. But only 3 lines have been provided with the full order, and then only 3 lines have said to have met the order. Even if 99 units are received at the other two lines respectively they will not be considered as a fill.
Formula:
Line item fill rate= Number of lines where order is filled/ Total number of lines
i.e (3/5) * 100 = 60 %
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