MANAGEMENT

Detailed explanation-1: -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-2: -A lead time is the latency between the initiation and completion of a process. For example, the lead time between the placement of an order and delivery of new cars by a given manufacturer might be between 2 weeks and 6 months, depending on various particularities.

Detailed explanation-3: -What is the Difference Between Lead and Delivery Time? While lead time pertains to the overall duration or interval of processing the order until the customer receives it, delivery time is the time it takes for the product or service to be transported to the customer.

Detailed explanation-4: -The time gap between placing an order and receiving is called lead time.