lead time

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Lead Time

In supply chain management, the amount of time between a supplier receiving an order and its delivery to the distributor or customer. This is important for both custom-made products and mass production, and suppliers are expected to know the lead times for their different products. It is particularly important for just-in-time supply chains, in which each step in the supply chain is expected to know precise lead time. It is also called turnaround time.

lead time

the time between placing an order or reorder and the goods being received into stores. STOCK CONTROL systems take the lead time into account when deciding upon reorder levels, placing orders whilst there is sufficient safety stock or BUFFER STOCK to meet production requirements during the lead time. Lead time to manufacture is the time calculated to manufacture a component or final product.
References in periodicals archive ?
Since 1994, HARCO sales have increased by 300% and manufacturing lead times have been reduced by 60%.
Productivity also improves, manufacturing lead times shorten and material flow increases.
Dow also has a 193 nm dry scanner at its Cheonan, Korea facility and the combination of these investments enable Dow to significantly shorten both product development cycle times and manufacturing lead times to meet customers more advanced requirements.
In addition, the company anticipates significantly reduced data entry time and the elimination of inventory shortfalls by utilizing the SYSPRO multi-level bills of material to plan manufacturing lead times.
This significantly shortens manufacturing lead times as well as gives outstanding flexibility to react to any special requirements or developmental needs.
This will significantly shorten manufacturing lead times as well as give outstanding flexibility to react to any special requirements or developmental needs.
With this new contract, NASSCO will place orders for the ship's engines and other components that have significant manufacturing lead times.

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