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Lead time is a manufacturing key performance indicator (KPI) the period between the start of a process and its conclusion. For example, this could be the amount of time it takes to make a product from scratch, the time it takes to process purchase orders or the wait time that spans between the product being shipped and the customer receiving it.
Lead time is the period between the initiation and completion of any process. Typically, the shorter the lead time, the better the business performs. However, across various industries, the lead time definition may differ.
Manufacturing lead time can be defined as the period of time needed to manufacture an item. This time includes order preparation time, wait time, setup time, production run time, move time, inspection time, and even stocking time.
Lead time measures how long it takes to complete a process from beginning to end. In manufacturing, lead time often represents the time it takes to create a product and...
Lead time indicates the total process or task time from starting to finishing. In manufacturing and supply chains specifically, it measures order/production beginning with getting the final materials/services.
Manufacturing lead time refers to the total time required to manufacture a product or service. This crucial time frame spans from the moment the manufacturing process is initiated until the product or service is fully prepared for delivery.
In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process, from when the initial order or request was made to the final delivery. There are many definitions for lead time in supply chain management.