lead time

(redirected from lead times)
Also found in: Dictionary, Thesaurus, Encyclopedia.

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 ?
NSK is committed to continuing to implement new measures to further shorten lead times going forward.
STM is a methodology that can provide guidance to supply network trading partners to move lead times toward a minimum that approaches zero.
13] considered a multiperiod serial production system when lead times for all components are uncertainties.
There are many explanations for why lead times are so long.
The lead time until product delivery is also important, as any time not needed for manufacturing or distribution can be used to revisit the sourcing decision to ensure the overall best location is selected.
The single biggest thing that tooling buyers can do to drive down lead times is to involve the tool builder early in the design cycle," stresses Peters, who is the Ohio-based ProMold's sales/engineering manager and also the chair of SPE's Mold Making & Mold Design Division.
B regardless of the variations of end item demand and usage quantity, even though the associated lead times can be statistically different, as Table V shows.
Supplier lead times for providing materials and component parts
Since hedging is not compatible with JIT principles, only physical safety stock and safety lead times will be considered in the following.
With standard lead times of only 4-6 weeks for new orders, and plenty of available inventories for short delivery requirements, PKB prides itself on exceeding customer expectations.
We are able to cast, machine, and subassemble with short lead times--currently producing to release on a three week lead time basis-with total reject of less than 0.
The best moldmakers overseas are not ridiculously cheap, but you can save money on almost any job, and sometimes get faster lead times," reports Wayne Tomko, sales manager of S&L Plastics Inc.