Turnaround time

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Turnaround time

Time available or needed to effect a turnaround.

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.
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This relationship represents a unique opportunity for DSI to increase their genetic testing capacity, benefit from the speed of our turn-around times, and in turn, profit from any non-genetic tests that NeoGenomics would send to them.
NeoGenomics hopes to garner market share by offering extensive test menus with competitive rates and faster turn-around times.
GBS' goal of rapid turn-around times did not come at the expense of accuracy or quality.
com)-- Group Benefit Services (GBS) announces today that they have successfully completed a year where their claim processing turn-around time was less than one (1) day.
Gautam Chakrabarty, deputy general manager, marketing at Sharp Middle East, said: "The OSA-NST is the most recent of innovations, with the system tool decreasing turn-around times by boosting productivity through smart procedures, automating a greater part of the workflow.
OSA-NST simplifies MFP usage for regular scanning and conversion of paper documents, providing benefits such as increasing efficiency and productivity, decreasing turn-around time for a job, help users create paper documents to be used in work flows, design and add customised profiles to reduce the manual steps in MFP operation, the company said.