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 ?
There are many explanations for why lead times are so long.
But for those cases when speed counts above all, he and Elliott note that you can compress lead times through concurrent tooling construction and product design.
Over time, customers will shift their focus on these dimensions, as they will expect better quality, service, price and lead time.
Second, the schedule can be used as a competitive weapon to transform those manufacturing cycle time reductions into customer delivery lead time reductions.
Assuming that PSA testing significantly improves life expectancy, Etzioni and colleagues estimate that for PSA testing to wholly explain the observed mortality decline, the average lead time in the population would have to be quite short -- three years or less.
He also credits the success of this casting development to the use of rapid prototypes to reduce the lead time to produce prototype castings.
All concede that their lead times stretched out considerably--from a few days in the past to three or four weeks or more.
With the customization of each IC achieved through the design and processing of the interconnect layers only, we can deliver product with remarkably low NREs and very short lead times.
Ownership knew that just-in-time lead times of less than a week were important, but not worth lost profits.
New tooling materials, mold components, and design software that promise to trim lead times were a key theme at the second Mold Expo, held in September in Detroit.
The one tool that has become indispensable to foundries working with their customers on optimized casting design with minimal lead times is computer modeling.
Factors that could affect product availability and lead times include risks from interruptions in our manufacturing processes and the processes of our foundries and other vendors, as well as fluctuations in customer demand and unpredictability of market demand.