ENTREPRENEURSHIP

Detailed explanation-1: -Lead time in shipping is the period of time between when an order is first received and when it reaches the customer. It includes the processing of the order and then the time spent delivering a package.

Detailed explanation-2: -Delivery lead time is the period between when an order is placed and when that order is delivered. Delivery lead time tells a company how far in advance it needs to place an order for the delivery to arrive on time. It is one of the most important metrics for managing supply chains and inventory.

Detailed explanation-3: -A shipping lead time is the length of time retailers set aside to go through all the processes between receiving an order and shipping it out. Because lead times affect every step of the fulfillment process, many merchants (especially those that ship internationally) invest heavily in decreasing this timeframe.