lead time


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lead time

1. The period of time from when a product is designed to when it is produced or manufactured. Your idea is indeed very intriguing, but with a lead time as long as that, we'll have a hard time securing investors.
2. The period of time from when an order for goods has been placed to when it is delivered. The online retail giant is hoping to drastically reduce lead time with the use of unmanned carrier drones to deliver orders.
See also: lead, time
References in periodicals archive ?
The wealth of supply chain research, coupled with the ideas embedded in STM, allows us to derive formulae for reorder levels, safety stocks, and total costs when informational lead times are greater than zero, and total costs when informational lead time is zero.
12] considered one-level assembly system again and utilized a Branch and Bound method for finding optimal planned lead time with lot-for-lot order policy.
In addition, the customer also is accumulating costs during the lead time.
Use of Lead Times and Freight Rates in Shipment Planning Processes
The single biggest thing that tooling buyers can do to drive down lead times is to involve the tool builder early in the design cycle," stresses Peters, who is the Ohio-based ProMold's sales/engineering manager and also the chair of SPE's Mold Making & Mold Design Division.
This study investigates how effective the different commonality measurements (DCI and TCI) are for predicting manufacturing performance using manufacturing lead time as its performance measure.
VALUE As perceived by the customer = Quality x Customer Service / Price x Lead Time
DL is the demand during the lead time, and DL[Alpha] can be interpreted as a physical safety stock.
The best moldmakers overseas are not ridiculously cheap, but you can save money on almost any job, and sometimes get faster lead times," reports Wayne Tomko, sales manager of S&L Plastics Inc.
The flow of material and information must be identified and lead time separated into its various elements or components.
We are able to cast, machine, and subassemble with short lead times--currently producing to release on a three week lead time basis-with total reject of less than 0.
An 85% shorter supplier lead time means that a manufacturer can be much more responsive to their market, giving them an incredible competitive advantage.
Second, the schedule can be used as a competitive weapon to transform those manufacturing cycle time reductions into customer delivery lead time reductions.
The ultimate goal is to demonstrate the ability to immediately direct targeted messages to the right audience at the right time and reduce lead time from weeks to days.
He also credits the success of this casting development to the use of rapid prototypes to reduce the lead time to produce prototype castings.