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:
“Anybody can lead a frivolous life. A frivolous writer, however, must have taste and intelligence.”
—Mason Cooley (b. 1927)
“Chaucer is fresh and modern still, and no dust settles on his true passages. It lightens along the line, and we are reminded that flowers have bloomed, and birds sung, and hearts beaten in England. Before the earnest gaze of the reader, the rust and moss of time gradually drop off, and the original green life is revealed. He was a homely and domestic man, and did breathe quite as modern men do.”
—Henry David Thoreau (1817–1862)