Turnaround time

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Turnaround time

Time available or needed to effect a turnaround.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Turnaround Time

1. The time it takes for share prices that had been declining to begin to improve. For example, if a publicly-traded company has been in a prolonged bear market, but its share price eventually stabilizes and begins to move back up, the turnaround time describes the entire duration of this process.

2. The time it takes for an unprofitable company to begin to become profitable. For example, if a company has been posting losses, but it restructures and becomes profitable, the turnaround time describes the entire duration of this process.

3. 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 turnaround time. It is also known as lead time.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Reduced turn-around time: The automation of 15 different loan application forms have reduced the turn-around time for filling up applications by 50 per cent, thus enhancing customer satisfaction.
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Everything was delivered in a short turn-around time, The lucky DoubleClick employees now enjay the full views of the Hudson River and New Jersey from the basketball court and an amazing panorama of the Empire State Building and midtown Manhattan from the roof garden."
The system lets the company's sales reps generate hardware quotes within minutes, thus reducing turn-around time and boosting sales.
Crucial to the lab's success is the turn-around time of medical samples - how long it takes to obtain results after samples are submitted.
The patient's expectations of the physician are making sure no serious injuries are present, finding out if there is a fracture or a problem, pain relief, and efficiency, i.e., a rapid turn-around time for x-rays that are ordered.
This increase is largely due to quick turn-around time and labor savings, but it also can be traced to the development of more versatile plastic compounds better suited to foundry patternmaking requirements.
The system will resolve complaints within the stipulated turn-around time and consumers will also be able to check the online status of submitted complaints though centralized automated system.