Examples of lead time in a Sentence
We will need at least six months lead time before production begins.
Recent Examples of lead time from the Web
Li & Fung, a 20-year partner of Kohl's, is in the midst of a three-year plan to cut lead times by half and digitize its global supply chain for apparel.
Of the 22 recessions since 1900, 20 have coincided with a bear market and the average lead time of those bear markets was eight months.
The scarcity of open slots — just eight or nine productions a season, compared with the dozens of concert weeks available in Davies — militates against a full-on parade of aspirants, as does the long lead time in operatic planning.
Compared with his father, Kim Jong Il, the current dictator had little lead time before taking the reins.
Don't get your hopes up yet since Apple requires an approximate four-year lead time to develop the necessary patents and acquire the materials to bring a blueprint to life.
Girls Swimming Sydnee Emerson, Northridge Last week, Emerson grabbed her fourth state leading time.
The cheaper and faster onshore shale sector is again booming, especially in West Texas, but the offshore sector that requires largest investments, longer lead times and more stable oil pricing continues to languish for now.
Thomas’ announcement was issued with plenty of lead time, giving the Symphony more than two years to find and secure a successor.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'lead time.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of LEAD TIME
What It Is
Lead time is the amount of time between ordering something and receiving it.
How It Works
For example, let's say Company XYZ makes and sells widgets. It has a customer, ABC Company, that wants to buy 10,000 widgets to put in its retail stores in October for the Christmas season.
It takes two weeks to get the widget parts and a week to assemble 10,000 units, so Company XYZ has a lead time of about a month. That means that it must get the order from ABC company no later than September 1 in order to make the delivery on time.
Why It Matters
Lead time is a crucial part of managing a manufacturing business or any business that involves waiting for supplies or products to arrive. Generally, the lower the lead time, the more flexible a company is and the faster it can respond to changes in trends. However, shorter lead times can cost more money if the buyer has to pay for overtime, expedited shipping costs, or other rush charges. This in turn makes it difficult to say whether shortening lead time will increase profits, though it usually will increase customer satisfaction.
LEAD TIME Defined for English Language Learners
Definition of lead time for English Language Learners
: the time between the beginning of a process or project and the appearance of its results
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