MANAGEMENT

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: -Lead time consists of: Preprocessing Lead Time (also known as “planning time” or “paperwork"): the time required to release a purchase order (if you buy an item) or create a job (if you manufacture an item), from the time you learn of the requirement.

Detailed explanation-3: -Lead Time Definition Lead time is the period between the initiation of a process or order and its completion or delivery. It is an essential aspect of managing production, supply chains or inventories, and projects in any business, regardless of industry.

Detailed explanation-4: -Lead time (LT) is calculated as the total time it takes to pick, pack, ship, and deliver products. Procurement time can include the amount of time it takes to pick and pack goods. What is lead time gap? Lead time gap is the difference between logistics lead time and customer order cycle time.

Detailed explanation-5: -Your delivery lead time will be the time required to process their order, pick, pack, and ship the order, plus the time required for the truck to deliver the product to your customer’s receiving dock, or front porch. Short delivery lead times mean more satisfied and loyal customers.