Meaning of the word "lead time" in English

What does "lead time" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

lead time

US /ˈliːd ˌtaɪm/
UK /ˈliːd ˌtaɪm/
"lead time" picture

Noun

1.

the time between the initiation and completion of a production process

Example:
The lead time for this product is typically two weeks.
Reducing lead time is crucial for improving efficiency.
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