lead time


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lead time

1. Manufacturing the time between the design of a product and its production
2. Commerce the time from the placing of an order to the delivery of the goods

lead time

[′lēd ‚tīm]
(industrial engineering)
The time allowed or required to initiate and develop a piece of equipment that must be ready for use at a given time.
References in periodicals archive ?
Ballard Designs sofas have a 12-week lead time and range from $1,200 to $4,200.
Lead time is defined as the time that elapses from the time order is placed and the time order is received.
The lead time has been calculated for six main cities of Northern India, namely, Dehradun, Hardwar, Roorkee, Muzaffarnagar, Meerut, and Delhi.
Hayya, Harrison, and Chatfield (2009) examine the (s, Q.) policy with iid normal demand and iid exponential lead time. Because this problem is analytically intractable due to order crossovers, they use simulated data generated from factorial experiments to develop a convolution of demand during ELT and then use regression expressions to estimate the optimal parameters that minimize cost.
In fact, the utility function itself only includes the waiting time cost, but the evaluation of the utility as performance measure includes the delay cost for quoted lead time, which is confusing.
The SC system is only considered as a linear system whether with the controllable lead time or with the uncontrollable lead time.
4 (Lead time 12 hours)-171-220 kph maximum sustained winds; heavy to very heavy damage expected
* define the physical lead time and its corresponding variability; and
"But neither do we expect our customer to wait indefinitely when the lead time has already been extended several times."
Currently Enterprise Resource Planning (ERP) systems are implemented to record the lead time for all the product families.
Heuer explained that his team has very long lead times because their projects are ambitious, and they need a lot of research and development.
Ben Churchill, managing director, Emrill said, "With an average of 40 percent reduction in lead time and the efficiencies achieved, we are extremely impressed and pleased with the results of our partnership with 36 Strategies."