It is most often used in supply chain circles and is an important measure for all product-based businesses. Simply put, lead time refers to the ‘latency’ (time interval) between the start and completion of a certain task. So, let us tell you everything you need to know about what lead times are, why the practice of lead time management is so valuable, and the best ways to improve lead times with the latest software. This pretty much summarizes lead time management, and if you get it right, you can enjoy better profitability by reducing downtime and wastage. ![]() Time waits for no human, or business, or project.Īnd when it comes to keeping supply levels ample or turning around a lengthy assignment, you’ll want to apply a deeply scientific lens to your timekeeping.
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