Lead Time (Noun)
Meaning
The time interval between the initiation and the completion of a production process; "the lead times for many publications can vary tremendously"; "planning is an area where lead time can be reduced".
Classification
Nouns denoting time and temporal relations.
Examples
- The company's increased investment in automation resulted in significantly shorter lead times for their manufacturing process.
- To meet customer demand, the business decided to analyze and streamline its production workflow, thus shortening lead times.
- Because supply chains were globally disrupted, numerous businesses experienced disruptions and increases in their typical product lead times.
- Reducing the lead time was crucial for the company's efforts to stay competitive in such a fast-paced market environment.
- The new software platform allowed the company to reduce its lead time and was a key factor in its eventual success.