When first activity completes, if there is then a delay or wait period before the second activity starts, this is called lag and the delay is known as the Lag Time. Lag Time is the delay between the first and second activity. For example, the time duration for the first activity is 3 days, and for the second activity it is 2 days. After completing the first activity you wait for one day, and then you start second activity.
A point of service plan, is a type of managed care health insurance plan in the United States.It combines characteristics of the health maintenance organization (HMO) and the preferred provider organization (PPO).nrollees in a POS plan are required to choose a primary care physician from within the health care network; this PCP becomes their point of service.
The point of sale is often referred to as the point of service because it is not just a point of sale but also a point of return or customer order.Additionally, today POS software may include additional features to cater for different functionality, such as inventory management, CRM, financials, warehousing, etc.or example, a grocery or candy store may use a scale at the point of sale, while a bar and restaurant may use software to customize the item or service sold when a customer has a meal or drink request.