A lead time is the latency (delay) between the initiation and execution of a process. For example, the lead time between the placement of an order and delivery of a new car from a manufacturer may be anywhere from 2 weeks to 6 months. In industry, lead time reduction is an important part of lean manufacturing.
Read more about Lead Time: Journalism, Supply Chain Management, Manufacturing, Project Management, Lead Time in Production Planning
Famous quotes containing the words lead and/or time:
“Once lead this people into war and they will forget there ever was such a thing as tolerance.”
—Woodrow Wilson (1856–1924)
“A proper autobiography is a death-bed confession. A true man finds so much work to do that he has no time to contemplate his yesterdays; for to-day and to-morrow are here, with their impatient tasks. The world is so busy, too, that it cannot afford to study any man’s unfinished work; for the end may prove it a failure, and the world needs masterpieces.”
—Mary Antin (1881–1949)