Lead Times/Cycle Times
Published on: Jan, 19, 2011
1) A span of time required to perform a process (or series of operations). 2) In a logistics context, the time between recognition of the need for an order and the receipt of goods. Individual components of lead time can include order preparation time, queue time, processing time, move or transportation time, and receiving and inspection time.
Source: http://www.apics.org/ (10th ed.)
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