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 ?
While S4 usually overestimates the variance associated with the EOF1 (34% for lead time 1, compared to 28% of GPCP) and underestimates the variance associated with the EOF2 (13% for lead time 1, compared to 22% of GPCP), CFSv2 (19% and 10% for lead time 1) and MF3 (19% and 11% for lead time 1) underestimate the variance associated with both modes.
"We remain committed to pro- viding Sailors with as much information and lead time as possible," said Ferguson.
With a short, Lean Flow lead time, there's no need to begin making the product until all material is available, and no place in a flow process for half-finished product to sit and wait for material.
* Use of Lead Times and Freight Rates in Shipment Planning Processes
At that time, the infamous dotcom boom--a trend fueled by the burgeoning internet in the late 1990s--created a similar situation with many components going on allocation with lead times extending out to months and even years.
Go to just about any furniture website and you will find that sofas have anywhere from a two-week to three-month lead time, which is a long period to wait when you want that sofa now.
The general increase of forecast uncertainty with lead time necessitates that weather predictions be presented in varying formats.
The automaker has taken this step as production bottlenecks have built up a considerable lead time for new orders.
Comparative view of optimal control values and values of relative errors of performance indicators of (s, Q) model for Item 1 and lead times lengths of 2, 5 and 7 days.
2015 [6] have been used in the present study to estimate the lead times. The stations used to estimate the lead time for various cities are shown in Figure 1.
In addition to the high cost of testing, manufacturers also experience long lead times for test results.