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lead

Purchasing lead time (PLT)

1) The total length of time between the decision to purchase an item and its availability for dispatch from the supplier concerned (that is, the sum of the order lead-time, the production lead time and any time necessary for packing or preparation for dispatch of a specific order). (Source: ILT Supply-Chain Inventory Management SIG)

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Order lead time

1) (1) The time the customer waits between ordering and receiving a product, or the time it takes a distributor to receive and administer an order and make delivery of a product. (2) The total internal processing time necessary to transform a replenishment quantity into an order and for the transmission of that order to the recipient. (Source: ILT Supply-Chain Inventory Management SIG)

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Production lead time

1) The time taken to manufacture or produce an item after an external order has been received until the item is available for packing. (Source: ILT Supply-Chain Inventory Management SIG)

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Lead-time

1) The time between initiation and completion. In distribution, usually the time between receipt of an order and despatch for delivery or actual delivery.

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Total lead-time

1) The total time between the decision to place a replenishment order until its availability for use. That is, the sum of order lead-time, purchasing lead-time, transit time and any goods inward lead-time for that replenishment order. (Source: ILT Supply-Chain Inventory Management SIG)

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