lead time

lead time
The time difference between the placing of a customer *order and the fulfilling of the order. Fulfillment can be in the form of the delivery of ordered goods, or performance of ordered services.

Auditor's dictionary. 2014.

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  • lead time — ➔ time * * * lead time UK US noun [C] COMMERCE ► the time it takes after receiving an order to deliver the goods or services to a customer: »The result of this new approach is a shorter lead time and lower costs …   Financial and business terms

  • lead time — lead times 1) N COUNT Lead time is the time between the original design or idea for a particular product and its actual production. [BUSINESS] They aim to cut production lead times to under 18 months. 2) N COUNT Lead time is the period of time… …   English dictionary

  • lead-time — (lēdʹtīm ) n. The time between the initial stage of a project or policy and the appearance of results: a long lead time in oil production because of the need for new exploration and drilling. * * * …   Universalium

  • lead time — [ lid ,taım ] noun count or uncount the time between planning something and starting to do it: Local firms learned how to reduce lead time by 75 95% while still reducing costs …   Usage of the words and phrases in modern English

  • lead time — [ˈli:d taım] n [U] the time that it takes to make or produce something …   Dictionary of contemporary English

  • lead time — lead′ time [[t]lid[/t]] n. the period of time between the initial phase of a process and the emergence of results, as between the planning and completed manufacture of a product • Etymology: 1940–45, amer …   From formal English to slang

  • lead time —  Time between the initiation of a new project and its delivery date.  ► “Given such uncertainties as the Middle East and the long lead time needed to develop major oil fields, rising prices seem inevitable.” (Fortune, Oct. 30, 1995, p. 88) …   American business jargon

  • lead time — [lēd] n. Manufacturing the period of time between the decision to make a product and the beginning of actual production …   English World dictionary

  • Lead time — A lead time is the period of time between the initiation of any process of production and the completion of that process. Thus the lead time for ordering a new car from a manufacturer may be anywhere from 2 weeks to 6 months. In industry, lead… …   Wikipedia

  • lead time — noun 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 • Hypernyms: ↑time interval, ↑interval * * *… …   Useful english dictionary

  • lead time — UK [ˈliːd ˌtaɪm] / US [ˈlɪd ˌtaɪm] noun [countable/uncountable] Word forms lead time : singular lead time plural lead times the time between planning something and starting to do it Local firms learned how to reduce lead time by 75–95% while… …   English dictionary

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