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:
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To lead her away do not say
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Lead gently astray;
Let her finish her dance,
Let her finish her dance.”
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