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Lead time is the amount of time from the start of a process until its conclusion. Reducing lead time in manufacturing can increase output and revenue.
The meaning of LEAD TIME is the time between the beginning of a process or project and the appearance of its results. How to use lead time in a sentence.
Your lead time is how much time you need to receive the order, create the product (whether you’re manufacturing it yourself or relying on suppliers), and deliver it to your customer’s doorstep. However, lead time is applicable in other smaller or more specific situations, too.
LEAD TIME definition: 1. the time between the design of a product and its production, or between ordering a product and…. Learn more.
A lead time is the latency between the initiation and completion of a process. For example, the lead time between the placement of an order and delivery of new cars by a given manufacturer might be between 2 weeks and 6 months, depending on various particularities.
Lead time is defined as the time from beginning a process until it is completed. The term can be used in nearly every industry, although it is most commonly found in purchasing,...
Lead time in project management occurs when one activity begins as another is being executed. It’s also called working in parallel. Lead time can also refer to task dependencies, such as finish-to-start relationships, where one task must be complete before the next can begin.
Lead time is the elapsed time from start to finish, such as fulfilling a customer order or manufacturing a component part. Turnaround time measures procedural duration, such as ordering a meal in a restaurant or being seen at a health clinic.
noun [ C ] COMMERCE uk us. Add to word list. the time it takes after receiving an order to deliver the goods or services to a customer: The result of this new approach is a shorter lead time and lower costs. (Definition of lead time from the Cambridge Business English Dictionary © Cambridge University Press) Examples of lead time. lead time.
noun. the period of time between the initial phase of a process and the emergence of results, as between the planning and completed manufacture of a product. lead time. / liːd / noun. manufacturing the time between the design of a product and its production. commerce the time from the placing of an order to the delivery of the goods.