Lead Time Explained: What It Means For Your Business
In a perfect situation, things would happen right away when you want them to. But you know that it does not work like that in real life. You will always have a delay – going from the start to the end takes effort and, most importantly, time. To plan anything well—whether it’s a project or a process for making something—you need to understand how long it takes to go from beginning to end. That period of time is called the lead time.