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lead time

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lead time

[leed]
–noun
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.
Also, lead-time.


Origin:
1940–45, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

Lead Time

In terms of a supply chain, the total time needed for an order to be processed.

Investopedia Commentary

Lead time starts when the order is received by the sales department and ends when the client pays the invoice.

See also: Supply Chain

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