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TeachMeFinance.com - explain Lead Time lead time -- Period of time required to prepare for a certain stage of a project. For example, the lead time in introducing a new product is the time it takes for research, development, market research, and factory preparation. another definition... Lead Time -- That period of time needed to prepare for an action. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.